PropTiger buys Housing.com in all-stock deal
Tuesday, January 10, 2017, 1:05 PM
News Corp backed real estate portal PropTiger, has acquired Housing.com in an all-stock deal and will receive $50 million in fresh funds from News Corp’s REA Group Ltd and $5 million from the Softbank Group. The valuation of PropTiger after the merger, will be close to $270-$285 million. Existing investors in Housing.com will be given stake in PropTiger’s Singapore entity.