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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| News Corporation | NASDAQ:NWSA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.24% | 24.50 | 22.29 | 25.19 | 24.83 | 24.30 | 24.79 | 4,734,487 | 01:00:00 |
From May 2019 to May 2024
SYDNEY--REA Group Ltd. (REA.AU) agreed to sell its Hong Kong business to iProperty Group Ltd. (IPP.AU) in exchange for a greater shareholding in the fellow online real-estate-listings group, the companies said Tuesday.
Subject to iProperty shareholder approval, REA will sell its Squarefoot business for 5 million iProperty shares at an agreed price of 3.00 Australian dollars (US$2.64) per share, or A$15 million. The deal would push REA's interest in iProperty up to 19.4% from an initial 17.2% holding, acquired for A$106.3 million in July.
REA has also been invited to appoint a representative to the iProperty board. REA is majority owned by News Corp, which owns and publishes The Wall Street Journal and Dow Jones Newswires.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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