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KM Financial Solutions | UPDATE 1-Silver Lake to buy property websites Zoopla, PrimeLocation for $3 bln
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UPDATE 1-Silver Lake to buy property websites Zoopla, PrimeLocation for $3 bln

10 May UPDATE 1-Silver Lake to buy property websites Zoopla, PrimeLocation for $3 bln

Posted at 06:38h in News by
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May 11 (Reuters) – U.S.-based private equity firm 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, Silver Lake said in a statement on Friday.

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