Founders of Property Search Engine Globrix Buy Back Stake from News International

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  F231109-252
 
Acquirer:  Founders of Globrix
ACQ Web:  http://www.globrix.com/
Location:  United Kingdon, London
Region:  Europe
Description:  Property search engine supported by advertising rather than fees.
Category:  Search : Web Technology
Contact 1:  Dan Lee, CEO
Contact 2:  Ian Parry, CTO

Vendor:  News International
Vendor Web:  http://newsinternational.com
Location:  UK, London
Region:  Europe
Description:  Media Owner
Category: Media
Contact 1:  Clive Milner, Managing Director
  
Aprox. Value:  Undisclosed (bought back the 50 percent stake)
 
Details:  The founding management of online property search engine, Globrix, have acquired News International’s 50% stake in the business for an undisclosed sum. Globrix lists more properties for sale and rent than any other UK property site.Globrix say they list more properties for sale and rent than any other UK property site. It is  free to list properties on. Revenues are from advertising.
 
Link: Globrix Announcement

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