Federal budget: hey BIG spender | Carsales splurges $787 million | Victoria's Secret up for sale

Published: May 12, 2021, 7 p.m.

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The government accelerated record spending to help Australia thrive post pandemic in this year’s federal budget.

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Carsales is buying a 49% stake in a US car digital marketing company for a monstrous $767 million.

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L Brands has given up on trying to find a buyer for Victoria’s Secret - so it is spinning it off to become its own publicly traded company.

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