A MOVE by Packer-controlled Ellerston Capital to buy into online auction site Trade Me is part of a growing trend among private equity and traditional media to boost their presence in online transaction sites.
Analysts said Ellerston's move was a sound strategy that built on recent purchases by the fund manager in the online space.
Ellerston Capital, a fund manager controlled by James Packer's family interests, now owns 5.18 per cent of Trade Me, according to a substantial security holder notice to the New Zealand Stock Exchange.
Read more: http://www.smh.com.au/business/packer-takes-stake-in-trade-me-20120816-24bbl.html#ixzz23kehhKJU
A MOVE by Packer-controlled Ellerston Capital to buy into online...
Currently unlisted. Proposed listing date: 16 SEPTEMBER 2024 #
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