About This Deal

News Corporation acquired Mortgage Choice Limited (REA Group) for ~A$244 million (~US$183 million) cash, a transaction announced in June 2021.

REA Group acquired the leading Australian mortgage-broking business, complementing its Smartline footprint and accelerating its financial-services strategy at national scale.

REA Group acquired the leading Australian mortgage-broking business, complementing its Smartline footprint and accelerating its financial-services strategy at national scale.

Deal Terms

Acquirer
News Corporation
Target
Mortgage Choice Limited (REA Group)
Value
~A$244 million (~US$183 million) cash
Date
June 2021
Type
Full acquisition
Status
Completed

Transaction Details

Announced
June 18, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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