• Zoopla To Merge With FindaProperty Creating A UK Giant Killer

    Friday, October 14th, 2011

    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

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    The Daily Mail and General Trust which owns The Daily Mail and other media interests is to planning to merge the online property business of its Digital Property Group consisting of FindaProperty.com and Primelocation.com, with venture-backed property startup Zoopla. Under the proposed merger, A&N Media (the consumer arm of DMGT) will retain a 55% interest in the newly merged entity. Shares in DMGT were up following the proposal. The dominant player in the UK online property market is Rightmove, but this merger creates a powerful competitor. The Rightmove market cap is £1.3Bn.

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