PrimeLocation: Zoopla, PrimeLocation and uSwitch owner ZPG sold for £2.2bn

Daily Mail parent company DMGT in line for £640m windfall from sale to Silver LakeThe company behind the UK property sites Zoopla and PrimeLocation and the price comparison service uSwitch is being bought by a US private equity firm in a £2.2bn deal.California-based tech investor Silver Lake, which has investments in companies including Alibaba, GoDaddy and Tesla, has agreed a 490p a share bid for parent company ZPG. The bid, which values the business at £2.2bn, is almost a third higher than ZPG's closing price on Thursday.Continue reading...