Deals
Silver Lake Agrees to Buy Property Portal ZPG for $3 Billion
- Shareholder Daily Mail & General Trust backs acquisition
- ZPG best known for its Zoopla property data, listings website
Silver Lake Purchases Property Platform ZPG
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Silver Lake agreed to buy property platform ZPG Plc for almost 2.2 billion pounds ($3 billion) as the U.S. private-equity investor seeks to grow further in U.K. real-estate data.
ZPG shareholders will receive 490 pence in cash per share, and Silver Lake already secured support for the bid from newspaper group Daily Mail & General Trust Plc, the property portal’s largest shareholder, the companies said in a statement Friday. In total, more than 30 percent of ZPG shareholders have agreed to back the deal.