Silver Lake offers £2.2bn to rehome Zoopla owner

Michael Turner

May 11, 2018 11:45 am

Zoopla_houses_AP_230x150 — To Let signs stand next to a properties in west London, Tuesday, Aug. 2, 2016. A new study has found that the proportion of people owning their homes in England has fallen to its lowest level in thirty years and that soaring prices have forced millions to abandon the dream of home ownership, with parts of northern and central England becoming increasingly unaffordable. (AP Photo/Alastair Grant) | Alastair Grant/AP

Silver Lake Management, the US private equity firm, has agreed to buy ZPG, the parent of UK property search website Zoopla, for £2.2bn. It has already lined up debt to fund the purchase.

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Michael Turner