Gumtree sells Hotcopper, news business to ADVFN

Hal Crawford

July 1, 2025 9:08

Classifieds business Gumtree Australia has entered a binding agreement to sell investor forum Hotcopper to UK financial data platform ADVFN.

The $6.8 million deal includes Gumtree’s The Market Online financial news site and Canadian forum Stockhouse, and marks Gumtree’s exit from what it describes as “higher capital requirement” content businesses.

“As part of our ongoing transformation, we continue to streamline operations to focus on our core strengths in advertising and classifieds, and to exit businesses with a higher capital requirement,” Gumtree CEO Tommy Logtenberg was quoted as saying in the ASX announcement.

Tommy Logtenberg

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Hal Crawford

Crawford has worked across news media over a 30-year career, including running Ninemsn editorial in Sydney (editor-in-chief and publisher) and the TV3 newsroom in Auckland (chief news officer).

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