News Corp is really liking the real estate business lately. According to the AP, News Corp has invested in Elara Technologies, a Singapore-based company that operates PropTiger.com, an Indian real estate site. The deal was $30 million for a 25 percent stake.
As part of the purchase, a News Corp exec will join Elara Technologies’ board.
This is the second real estate company News Corp has moved in on (sorry about the pun) in just over two months. In September, News Corp announced that it had purchased Move Inc., which operates Realtor.com.