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KM Financial Solutions | CORRECTED-Silver Lake to buy Zoopla and PrimeLocation for $3 bln
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CORRECTED-Silver Lake to buy Zoopla and PrimeLocation for $3 bln

10 May CORRECTED-Silver Lake to buy Zoopla and PrimeLocation for $3 bln

Posted at 06:36h in News by
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May 11 (Reuters) – Silver Lake Management Company has agreed
to acquire ZPG plc, the owner of British property
websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3
billion).
Under the terms of the deal, each ZPG shareholder would get
490 pence in cash, which implies a premium of 31 percent to
ZPG’s Thursday close, U.S.-based private equity firm Silver Lake
said in a statement on Friday.
($1 = 0.7399 pounds)
(Reporting by Rahul B in Bengaluru
Editing by Alexander Smith)

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