Australia’s media company Publishing and Broadcasting Ltd. (PBL) is expanding its online and gaming businesses, buying an Australian online car site and agreeing to buy up to 50 percent of a UK casino business.
PBL has offered A$1.21 each for the shares it does not already own in Carsales.com.au, valuing the car site at A$270 million.
Also, it has acquired a further 2.4 percent stake in SEEK Ltd., Australia’s top online job search site, for A$35.3 million. Seek said last week it had bought a 25 percent stake in Chinese Internet employment site Zhaopin.