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PropTiger buys in all-stock deal

PropTiger buys in all-stock deal

Tuesday, January 10, 2017, 1:05 PM

News Corp backed real estate portal PropTiger, has acquired 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 will be given stake in PropTiger’s Singapore entity.
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