WELLINGTON, New Zealand, March 6 (UPI) --
Australian media company John Fairfax
Holdings has bought New Zealand's top Internet auction site, Trade Me, for $463 million.
Trade Me founder and chief executive Sam Morgan will continue to run the business, the Wellington Dominion Post said Monday.
Wellington-based Trade Me has 1.2 million members who are expected to host 35 million auctions this year.
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