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Summary of Fairfax's sale of Trade Me

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FAIRFAX SELLS TRADE ME

December 17 2012, 3:42PM

THE KEY POINTS

* Sale price of $3.05 a share is a five per cent discount on last traded price of $3.22 before the deal was confirmed

* Proceeds of $616 million used to pay down debt

* Fairfax bought Trade Me for $NZ750 million ($A607.41 million) in 2006.

* Floated 34 per cent of Trade Me in December 2011, and sold a further 15 per cent in June 2012