Leading online services marketplace Airtasker (ASX: ART) has completed the acquisition of competitor platform Oneflare for $9.8 million after receiving the green light from the Australian Competition and Consumer Commission (ACCC).

Founded in 2011, Oneflare is the third-largest local services platform which serves 540,000 customers and 14,500 verified businesses annually, particularly in the trade, home improvement and professional services spaces.

The purchase price of $9.8 million includes $7.55 million in Airtasker shares, issued at $0.43 per share - a 15.9 per cent discount on the company’s trading price the day before the deal was announced of $0.51 per share - and $2.25 million in cash.

https://www.businessnewsaustralia.com/articles/airtasker-acquires-oneflare-after-accc-withdraws-concerns.html?utm_medium=email&utm_source=www.thewebconsole.com&utm_campaign=BNA+News+-+25+May+2022&utm_content=37003807&c=31988872&_c=28572bc43df62bd249f97794373d8a18