Kiwis have a long history of paying too much for Aussie companies- Ansett and AAPT are the best examples.

I think with the TradeMe/Fairfax deal we might just get one back.

While TradeMe is no lemon (the others arguably were) I really struggle to see how they can justify the price they paid.

If you stack it against even the exorbitant per connection fees pad during the electricity market de-regulation it just seems out of whack. Does anyone know how Fairfax proposes to grow their investment? Into Australia, maybe, but certainly I see ver little opportunity for growth beyond that- even Aus will be hard work.