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iCar Asia Ltd To Acquire

Monday, 4 Feb 2013 01:47am EST 

iCar Asia Ltd announced that it has entered into an agreement to acquire automotive classifieds site,, and its associated assets and business. will combine with iCar Asia’s content site,, to offer a complete solution to car buyer and sellers in the Thailand market. has over 370,000 visitors each month (Source: Google Analytics), viewing more than 23,000 car listings from over 600 car dealers. The consideration for the purchase is AUD 0.4 million, 100% payable on completion of a Sale and Purchase Agreement and will be comprised of AUD 0.2 million cash and AUD 0.2 million in iCar Asia shares. 

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