According to the BBC, the terms of the acquisition call for News International and sibling firm realestate.com.au to buy 95% of Propertyfinder.com's owner Asserta Holdings. Realestate.com.au is 44% owned and largely influenced by News Interactive, the spearpoint of Murdoch's Internet strategy. "
Wednesday, November 02, 2005
Murdoch Buys U.K. Real Estate Ad Web Site - Forbes.com
"Murdoch's latest counterstroke: His global media leviathan's newspaper arm, News International, bought Propertyfinder.com, a U.K. classified ad Web site, for 14.3 million pounds ($25.3 million).
According to the BBC, the terms of the acquisition call for News International and sibling firm realestate.com.au to buy 95% of Propertyfinder.com's owner Asserta Holdings. Realestate.com.au is 44% owned and largely influenced by News Interactive, the spearpoint of Murdoch's Internet strategy. "
According to the BBC, the terms of the acquisition call for News International and sibling firm realestate.com.au to buy 95% of Propertyfinder.com's owner Asserta Holdings. Realestate.com.au is 44% owned and largely influenced by News Interactive, the spearpoint of Murdoch's Internet strategy. "
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