PropTiger To Acquire Housing.com, Joint Entity To Get $55 Million Funding

News Corp-backed PropTiger on Tuesday announced acquisition of Mumbai-based Housing.com in an all-stock deal in a bid to create India's largest online real estate services company. As part of the deal, REA Group Limited, majorly owned by News Corp, will invest $50 million in the PropTiger-Housing.com joint entity, with an affiliate of Softbank Group Corp investing $5 million. The fresh investment of $55 million in the joint entity ...