Australia’s PBL Buys Online Car Site; Stake In Job Site

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.