REA Group bids for iProperty

They say property’s all about location, location, location. Well, REA Group has just added south-east Asia to its portfolio.

News Corporation has seen the future, and it is digital real estate. News already owned a 62% stake in REA Group, the company that dominates online property advertising in Australia. Then, last year, it purchased 80% of US-based real estate portal realtor.com (via Move Inc.), with REA Group taking the remaining 20%.

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