MercadoLibre buys DeRemate

I recently found out that DeRemate was acquired by MercadoLibre last November!

It seems that ML acquired all the Latin American operations except for Chile and Argentina. La Nacion newspaper will keep the the remaining operations to compete against MasOportunidades

MasOportunidades is a new auction site launched last year by Grupo Clarin.

How complicated… conclusions:

There is going to be some healthy competition in Argentina 4 players, and virtually no competition in the rest of Latin America. Until we start growing locally🙂

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