News Corp Expands into Fast Growing Digital Real Estate Sector in India
Acquires 25% stake in parent of India platform, PropTiger.com
New York (November 24, 2014) – News Corp announced today that it has acquired a 25% stake in the parent company of PropTiger.com, a leading digital real estate marketing platform in India, for US$30 million.
News Corp’s investment continues the acceleration of its global digital footprint with an emphasis on India, where the company also has a presence through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses.
The investment creates a network effect to complement and build on the strength of the company’s collection of businesses, which include leaders in news, book publishing and digital real estate. News Corp owns Move, Inc. (“Move”), operator of realtor.com®. Move has the most up-to-date and accurate for-sale listings of any digital real estate company in America. In addition…
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