About This Deal

News Corporation acquired Flatmates.com.au Pty Ltd (REA Group) for US$19 million cash (plus up to US$15M contingent), a transaction announced in May 2016.

REA Group acquired Australia's market-leading share-accommodation listing site, extending its reach into the growing shared-accommodation category.

REA Group acquired Australia's market-leading share-accommodation listing site, extending its reach into the growing shared-accommodation category.

Deal Terms

Acquirer
News Corporation
Target
Flatmates.com.au Pty Ltd (REA Group)
Value
US$19 million cash (plus up to US$15M contingent)
Date
May 2016
Type
Full acquisition
Status
Completed

Transaction Details

Announced
May 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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