Hot Copper owner to drive away with Gumtree, Carsguide

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Hot Copper owner to drive away with Gumtree, Carsguide
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The Market Herald is going from business news and investor relations to selling second hand cars.

Australian microcap The Market Herald, best known for owning the HotCopper market forum, is set to branch outside of its business and finance news roots with the acquisition of online classifieds brands Gumtree, Carsguide and Autotrader.

The deal would see The Market Herald enter the second hand cars and goods markets for the first time, adding the websites to its digital business news, business communities and investor relations platforms.

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