News Corporation acquired Elara Technologies Pte. Ltd. (REA India) for US$138 million total purchase price (controlling interest), a transaction announced in December 2020.
News Corp and REA Group acquired a controlling interest in the operator of Housing.com, Makaan.com and PropTiger, positioning REA at the forefront of India's real-estate digitization.
News Corp and REA Group acquired a controlling interest in the operator of Housing.com, Makaan.com and PropTiger, positioning REA at the forefront of India's real-estate digitization.
The acquisition of REA India allows REA Group to be at the forefront of long-term growth opportunities within India and the digitization of the real estate sector.
Advisory firms were not disclosed for this transaction.