About This Deal

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.

Deal Terms

Acquirer
News Corporation
Target
IProperty Group Limited (REA Group)
Value
~A$482 million (~US$340 million) cash
Date
February 2016
Type
Full acquisition
Status
Completed

Transaction Details

Announced
February 2016

In Their Words

The acquisition of iProperty extends REA Group's market leading business in Australia to attractive markets throughout Southeast Asia.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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