News Corp Invests in Another Real Estate Business
News Corp is really liking the real estate business lately. According to the AP, News Corp has invested in Elara Technologies, a Singapore-based company that operates PropTiger.com, an Indian real estate site. The deal was $30 million for a 25 percent stake.
As part of the purchase, a News Corp exec will join Elara Technologies’ board.
This is the second real estate company News Corp has moved in on (sorry about the pun) in just over two months.
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