99.co to acquire iProperty and Rumah123 portals

SINGAPORE: Property listing portal 99.co said on Tuesday (Oct 8) it has signed a deal to “assume full control” of REA Group’s .com.sg in Singapore and Rumah123.com in Indonesia in a joint venture.

99.co has entered into a binding agreement with REA Group, which will also invest US$$8 million into the joint venture, it said in a news release.

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