Friday, June 1, 2012

Zoopla Completes Findaproperty Merger To Take On RightMove

screen-shot-2012-05-11-at-07-34-23Property startup Zoopla and the A&N Media (DMGT)-owned Digital Property Group (Findaproperty / Primelocation) have formally completed their merger following approval by the UK's Office of Fair Trading (OFT). The transaction, which was agreed last October, had been pending subject to clearance from the OFT which was granted in April. The deal creates a property giant which now takes on Rightmove, currently the market leader in the UK.

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