Add-on Acquisition • Digital Media

REA Group Acquires iProperty Group

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

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

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M&A Deal Summary

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

Target Company

iProperty Group

Kuala Lumpur, Malaysia
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 Overview 1

Buyer

REA Group

Richmond, Australia

Category Company
Founded 1995
Sector Internet Software and Services
Employees3,418
Revenue 1.9B AUD (2025)
DESCRIPTION

REA Group is a global digital business specialising in property services that connects property seekers with agents, developers, and related service providers, offering data?driven insights, advertising solutions, and digital tools for the real estate industry. REA was founded in 1995 and is based in Richmond, Australia.


Deal Context for Buyer #
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