Financial Times FT.com

SA group bids £950m for auction site

By Maggie Urry and Philip Stafford

Published: December 18 2007 08:25 | Last updated: December 18 2007 08:36

The colourful life of Tradus, the internet auction site known formerly as QXL Ricardo, may be at an end after it recommended a £946m ($1.9bn) offer from Naspers, a South African media group.

The bid will let Naspers expand into eastern Europe, where Tradus has built a strong presence.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this