eBay completed the acquisition of Cox Automotive Media Solutions.

eBay, an American multinational e-commerce company, completed the acquisition of Cox Automotive Media Solutions, owner of CarsGuide.com.au and Autotrader.com.au, automotive platforms that make it easier to review, buy and sell cars in Australia. Financial terms were not disclosed. "This acquisition is an important part of eBay Classifieds Group’s verticalization strategy in the automotive market, following our successful acquisition of Motors.co.uk in the United Kingdom earlier this year. Gumtree is already an established player in the Australian private sales market, and the addition of CarsGuide.com.au and Autotrader.com.au will make our offerings even more compelling by giving Australian consumers and dealers more reach and choice in market," Alessandro Coppo, eBay Classifieds Group Senior Vice President and General Manager.