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November 5, 2005

News Corp Buys Propertyfinder.com for $25 million

by Andrew

News Corp is still gobbling up websites. Their most recent aquisition was UK classifieds site Propertyfinder.com for $25.3 million. More on Reuters UK.

Was this a good deal? According to The Australian.. “Launched in 1995, it makes a slight loss on revenues of $7 million a year.”

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