M&A Deal Summary

REA Acquires iProperty Group

On February 17, 2016, REA acquired digital media company iProperty Group for 751M AUD

Acquisition Highlights
  • This is REA’s 1st transaction in the Digital Media sector.
  • This is REA’s largest (disclosed) transaction.
  • This is REA’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2016-02-17
Target iProperty Group
Sector Digital Media
Buyer(s) REA
Deal Type Add-on Acquisition
Deal Value 751M AUD

Target

iProperty Group

Kuala Lumpur, Malaysia
website
iProperty Group Ltd is an online advertising business serving the real estate industry and is the owner of Asia’s No. 1 network of property websites under the iProperty.com umbrella brand.

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Buyer(S) 1

Buyer

REA

Richmond, Australia

website

Category Company
Founded 1995
Sector Internet Software and Services
Employees1,496
Revenue 882M AUD (2020)
DESCRIPTION

REA owns and operates the real estate and commercial property advertising sites in Australia, as well as international real estate advertising sites such as the market-leading Italian property site, casa.it. REA was founded in 1995 and is based in Richmond, Australia.

DEAL STATS #
Overall 4 of 6
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Malaysia) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-14 Square Foot

Hong Kong, China

Squarefoot.com.hk, is a media brand in Hong Kong, is dedicated to providing property listings and information on the Hong Kong property market. Company provide a comprehensive media platform, inclusive of a property website and free bilingual magazine that helps you find homes for sale or rent.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 Flatmates.com.au Pty.

Sydney, Australia

Flatmates.com.au Pty. Ltd. is a share accommodation website. Flatmates.com.au allows people to list their spare rooms, find accommodation or team up with others to start a share house.

Buy $25M
Mergr

Product

Company

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