![]() ![]() ![]() The tech scene M&A deals of the past 15 years have been almost exclusively one-way traffic as offshore players have picked off Kiwi firms. Trade Me is also Exhibit A in another crucial respect. "There is a long history of technology in New Zealand, but that is when the money got serious," Clare says. The first, the "Big Bang" - 2006 - was the year that SaaS success story Xero was formed, although its signature event was the sale of Wellington-based Trade Me to Australian publisher Fairfax for $750 million.
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