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property tech

  • Zoopla: Rightmove rival handed £500m price tag

    Property

    Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]

    Zoopla is part of the same group which includes Confused.com.
  • Jefferies upgrades Rightmove as REA group eyes £4.4bn takeover bid

    Tech

    Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will probably make a formal offer for the British property platform. Last week, Rupert Murdoch’s News Corp-backed REA said it is considering a £4.4bn cash and share offer for Rightmove, sending the latter’s shares up nearly 25 per cent. Rightmove [...]

    Underlying operating profit increased four per cent to £273.9m in the year to December 31 as revenue rose seven per cent to £389.9m.

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