News Corporation acquired iProperty Group Limited (REA Group) for ~A$482 million (~US$340 million) cash, a transaction announced in February 2016.
REA Group lifted its stake from 22.7% to ~86.9%, extending its market-leading Australian property portal business into fast-growing Southeast Asian markets.
REA Group lifted its stake from 22.7% to ~86.9%, extending its market-leading Australian property portal business into fast-growing Southeast Asian markets.
The acquisition of iProperty extends REA Group's market leading business in Australia to attractive markets throughout Southeast Asia.
Advisory firms were not disclosed for this transaction.