REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures
REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures
Property /  International

Rupert Murdoch's News Corp seeks foothold in Asia with $3.2bn buy out of real estate rival iProperty

News Corp’s REA Group plans to buy out smaller rival iProperty for A$580 million, seizing on the target company's footprint in Southeast Asia

Topic |  
Reuters
Reuters

Updated: 7:14pm, 3 Nov, 2015

Why you can trust SCMP
REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures
REA Group plans to buy out smaller rival iProperty, giving it exposure to property markets in Thailand, Indonesia, Malaysia and Hong Kong (above). Photo: SCMP Pictures
READ FULL ARTICLE