About This Deal

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.

Deal Terms

Acquirer
News Corporation
Target
Elara Technologies Pte. Ltd. (REA India)
Value
US$138 million total purchase price (controlling interest)
Date
December 2020
Type
Full acquisition
Status
Completed

Transaction Details

Announced
December 2020

In Their Words

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.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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