HotCopper, a share trading and investment forum owned by ASX-listed online classifieds marketplace Gumtree, is in play.
Gumtree Australia Markets Limited said it has been approached by several parties regarding the potential purchase of HotCopper in Australia and Stockhouse in Canada.
“The board is considering these unsolicited approaches and will keep the market updated in accordance with its continuous disclosure obligations should material terms be finalised,” Gumtree told the ASX.
“The company has not made any decision on the capital markets business and there is no certainty that any transaction will result, or if so on what terms, following these approaches.”
Gumtree posted a 9% fall in revenue to $48.6 million in the half year to December and a net loss before tax of $1.2 million.
CEO Tommy Logtenberg in February said the capital markets business has successfully reduced its cost base.
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