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Rupert Murdoch's News Corp eyes SE Asian real estate market; buys iProperty for $415.44 m

2015-11-04 04:20:40| Real Estate - Topix.net

MUMBAI: Seeking a foothold in the South East Asian real estate sector, Rupert Murdoch's News Corp's Australian real estate website company REA Group has acquired its competitor iProperty Group for approximately US$415.44 million . With this, News Corp will have access to the property markets in Malaysia, Hong Kong, Thailand and Indonesia, where iProperty owns property portals.

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