Saturday, 5 March 2011

Home - Estate Agent Today

Home - Estate Agent Today

Rightmove shares shot up this week following the news that German media company Axel Springer has secured 74.2% of shares in the leading French property portal, SeLoger.

Axel Springer, which has frequently eyed up the UK media market including making offers for national newspapers, expects its acquisition to be confirmed on March 11.

The deal has already been given the go-ahead by the French stock market regulator.

Axel Springer, which had to up its original offer to 38.05 euros per share, has already said that it wants SeLoger to go international.

“We are very pleased that our improved offer has been accepted by a large majority of seloger.com’s shareholders,” said Axel Springer CEO, Dr Mathias Döpfner.

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