Zoopla Group to buy Money.co.uk for £80mn in latest acquisition

By Johan De Mulder

Zoopla Group (ZPG) is to acquire Money.co.uk in a cash-free deal worth £80mn.

The transaction represents the most recent effort from the United Kingdom-based property portal to expand its portfolio, which now includes the likes of Expert Agent and USwitch.

Money.co.uk is one of the United Kingdom's most established financial services comparison sites, attracting two millions visitors to its platform every month.

Share prices in ZPG hit a record high back in May, with the FTSE 250 firm's six-monthly revenues rising to £117.9m - though the costs incurred from its various acquisitions hit profits. 

See also: 


"We are delighted to announce this transaction," said Alex Chesterman, Founder and CEO of ZPG.

"Adding Money, one of the UK’s leading financial services comparison websites, to our existing brand portfolio will further enhance our product capabilities and consumer engagement across both our comparison and property platform."

Money.co.uk Founder and CEO Chris Morling added: "ZPG has led the way as an innovative digital consumer champion and we are looking forward to helping even more consumers make better-informed decisions as part of ZPG.”

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital