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

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

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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
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