Octopus-owned Zoopla merges with Digital Property Group
Octopus-backed online firm Zoopla has merged with online property service provider The Digital Property Group (DPG).
The transaction will enhance the value and performance of the online businesses and strengthen its market position. Following the deal, A&N Media, owners of DPG, will become 55% shareholders in the merged entity.
Zoopla.co.uk is an online property information service provider and community website, which combines elements such as house pricing, free valuation estimates, for-sale listings and local community information.
The company was launched in 2008 and is based in London.
As a subsidiary of A&N Media, The Digital Property Group manages websites such as Primelocation.com and FindaProperty.com. Based in London, the company works with estate agency firms and national agencies in the UK.
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