Gumtree SA acquired by Durban-based company

[rvZA]

Gumtree SA, the country's biggest online classified advertisement website, has been bought by Durban-based company Impresa Capital, it was announced on Friday.

The e-commerce business, which was launched in 2004, was previously owned by multinational giant eBay and then Adevinta. The new owners, who are the majority shareholders of the Ignition Group, say the acquisition is the "next step" to taking the business in a new and exciting direction.

"As a proudly African-rooted business, this acquisition cements our strategy of investments in the technology and media sectors and provides our portfolio of businesses with a solid platform for growth," said Sean Bergsma, co-founder and CEO of Ignition Group.

"The accelerated growth of Gumtree on the African continent will see new jobs being created, and with the technology developed further using local South African talent, it means exciting times ahead for all stakeholders," he added.

Gumtree SA acquired by Durban-based company | Business

The new owners of Gumtree say the acquisition of the business is the next step to taking the business in a new and exciting direction.

www.news24.com

 

[rvZA]

I did not even know Gumtree was still a thing...

 

[Slootvreter]

Scamtree.

Spamtree.
Who still uses this

 

[rvZA]

Scamtree.

Spamtree.
Who still uses this

Lol... seems someone spent a whole lot of money on it

 

[RudderVator]

Gumtree SA acquired by Durban-based company | Business

The new owners of Gumtree say the acquisition of the business is the next step to taking the business in a new and exciting direction.

www.news24.com

Ya since MyBB doesn't want a thread linked to the article they ran…

FB marketplace way easier to spot dodgy accounts. Better optimised based on location.

You can possibly go buy something from a hot girl instead of a Nigerian Man

 

[Guest 290922]

Oh, so that's why I'm not getting signup emails?

 

[Guest 290922]

Lol... seems someone spent a whole lot of money on it

Bought by Elah Must?

 

[NeonNinja]

I did not even know Gumtree was still a thing...

Where do you buy 2nd hand goods?

 

[xcaliber]

What a waste of investor money . . . Like 99 percent of things.

 

[Slootvreter]

Where do you buy 2nd hand goods?

Marketplace much better. If you can have a Gumtree account, you can have a dummy FB account for Marketplace

 

[NeonNinja]

Marketplace much better. If you can have a Gumtree account, you can have a dummy FB account for Marketplace

I buy stuff on Gumtree. And the only thing you need to pass is a stupidity test. Otherwise you're good to go.

 

[Grant]

Lol... seems someone spent a whole lot of money on it

Perhaps you should offer your services as head of acquisitions and mergers.
Clearly Ignition Group is struggling without your wealth of expertise

 

[Wut]

Claire Cobbledick, the general manager of Gumtree SA...

She must have had a fun time in high school

 

[MikeaMatrix]

 

[backstreetboy]

Where do you buy 2nd hand goods?

I don't unless it's a really great deal. You never know what to expect with second hand stuff.

 

[SubtleBeast]

Impresa Capital is the majority shareholder of the Ignition Group of companies

Increase in marketing calls loading......

 

[SubtleBeast]

I am offended.

 

[NeonNinja]

I don't unless it's a really great deal. You never know what to expect with second hand stuff.

Give me an example maybe...

 

[rvZA]

I don't unless it's a really great deal. You never know what to expect with second hand stuff.

Same here. But if I was forced to buy something second-hand, Junkmail comes to mind first. No way in a million years I would have thought today to go to Gumtree.

 

[wbot]

Claire Cobbledick, the general manager of Gumtree SA...

She must have had a fun time in high school

She wasnt a Cobbledick in high school lol. Her husband had a fun time.