<Table> <Tr> <Td> </Td> <Td> Wikinews has related news: New Zealand online auction web site bought for NZ $700 million </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> Wikinews has related news: New Zealand online auction web site bought for NZ $700 million </Td> </Tr> <P> On 6 March 2006 the Australian media company Fairfax acquired Trade Me in a deal worth NZ $700 million, with an additional NZ $50 million payable if the organisation met earnings targets over the next two years . (Those targets were met .) Sam Morgan and other executives remained with Trade Me . Since the Fairfax purchase, Trade Me has continued to stand alone, with the former Fairfax NZ sites Jobstuff and Propertystuff being discontinued in favour of the Trade Me offerings . </P> <P> In December 2012, Fairfax announced it was looking to sell off its stake in Trade Me in order to pay off debts . The sale was confirmed on 17 December . Its first profit report following the sale beat expectations, at NZ $37.4 million in the second half of 2012 . </P>

What do the coloured flags mean on trademe