Company News

Zillow Group

“Zillow Group” Formed with Completion of Trulia Acquisition for $2.5 Billion in Stock

Zillow has completed its previously announced acquisition of Trulia, Inc. for $2.5 billion in a stock-for-stock transaction, and formed Zillow Group, Inc. (NASDAQ:Z), which houses a portfolio of the largest and most vibrant U.S. real estate and home-related brands on mobile and the Web.

Airlist

Airlist Launches in the UAE Offering Real Estate Agents a Free Property Listing Tool

Airlist, developed in the UAE by the team behind Masterkey, will provide all registered real estate agents the ability to manage their properties in one space, while drastically reducing the time it takes to post listings across dozens of property portals.

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iProperty Group Enters Competitive Thailand Market Acquiring ThinkOfLiving.com

The iProperty Group has acquired the Thailand site ThinkOfLiving for AUD 6m in cash and AUD 2m in IPP shares. The ThinkOfLiving site is focused on the property developer segment.

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Australia’s Homely Signed Up 1,200 Offices Since Beginning of January

Homely.com.au has added 1,200 offices since January 2015 and is on track to approach 100% market coverage sooner than originally anticipated.

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Schibsted Delivers 11% Online Classifieds Revenue Growth with Improved EBITDA Margin

Schibsted Media Group has released its Q4 2014 report, showing operating revenues of NOK 3.87 billion (USD 511 million). The Online classifieds segment increased its revenues with 11 percent. The gross operating profit (EBITDA) was NOK 453 million (USD 60 million).

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Zillow Reports Record Q4 and Full Year Results

Zillow has released it Q4 and full year results. Revenues were up 65% year on year, traffic was up 41% year on year however the company still continued to operate in the red reporting full year losses of USD 43.6 million.

Leju

Leju Reports Third Quarter 2014 Results – Revenues Up 32% Year on Year

Leju Holdings Limited, a leading online-to-offline real estate services provider in China, has announced its unaudited financial results for the fiscal quarter ended September 30, 2014.

ZooplaPropertyGroup

Zoopla Releases Statement – 20% Decrease in UK Agency Branches Advertising

Zoopla has put out a market release showing that its traffic is reaching record levels and is up 14% when compared to the same period last year. More importantly, they also confirmed that OnTheMarket had indeed significantly impacted Zoopla's business.

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Zoopla Continues OnTheMarket Onslaught Claiming Some Agents Returning

Zoopla has put out a release claiming that a small number of agents who had left to join OnTheMarket have returned within the first 2 weeks.

Auction.com

Auction.com Helps Close More Than USD 327 m in Commercial Real Estate Sales in December

Auction.com reported closings on 127 commercial assets throughout December with a total combined value of more than $327 million. The sale of retail properties accounted for more than $129 million of the month’s closings.