A&N Media, the consumer media division of DMGT plans to merge the online property business of its Digital Property Group, which includes FindaProperty.com and Primelocation.com, with those of Zoopla Limited operator of Zoopla.co.uk. Zoopla is a privately-owned company which has venture capital interests as its largest shareholders. Under the proposed merger, A&N Media will retain a 55% interest in the newly merged entity. The merger has been referred to the Office of Fair Trading.
The companies hope that the merged businesses will be able to compete better with Rightmove, the dominant player in the market. Martin Morgan, Chief Executive of DMGT said: “This merger will create a genuine opportunity to challenge the dominant market leader in the online property sector. We believe that the combination of our respective digital property assets will benefit both consumers and clients.”
UK, London
Related articles:
- Zoopla acquires Houseprices.co.uk Posted on January 5, 2011
- Associated Northcliffe Digital buys Dothomes.co.uk and Extate.co.uk Posted on February 1, 2010
Related DMGT articles:
- DMGT sells GLM to Providence Equity Partners Posted on October 4, 2011
- DMGT trading update September 2011 Posted on September 28, 2011
- DMGT to sell GLM, the United States’ largest privately-held tradeshow management company Posted on June 10, 2011
- DMGT in “informal” talks to buy Express Newspapers Posted on April 4, 2011
- Could DMGT sell Northcliffe? Posted on November 28, 2010
- DMGT back on the acquisition trail? Posted on November 25, 2010
- Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
- Associated Northcliffe Digital buys Dothomes.co.uk and Extate.co.uk Posted on February 1, 2010
- Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
- Euromoney Institutional Investor to acquire Ned Davis Research Group for £69M Posted on June 21, 2011
- Euromoney Institutional Investor PLC acquires Arete Consulting Posted on August 13, 2010
- Euromoney sells EIC to Broadfern September 2007
Fusion Corporate Partners 
You must be logged in to post a comment.