Newsquest plc, the largest publisher of regional newspapers in England, including The Evening Press, has acquired a 9.9 per cent issue of share capital of Freeserve Auctions Ltd, operators of internet network provider Freeserve's person-to-person and merchant-to-person auction service.
The shares are in return for £10 million of advertising support in Newsquest's regional titles over the next three years plus £2 million in cash.
Newsquest, a wholly owned subsidiary of the US based Gannett news and information company, will now drop its own AuctionHunter brand name on its newspaper web sites to incorporate Freeserve Auctions.
Converted for the new archive on 30 June 2000. Some images and formatting may have been lost in the conversion.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article