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

Age of the CISO – a new chapter for cyber security

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

Exclusive: Making the UAE a global force in cybersecurity

His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on plans to build the world’s most secure digital society for a safer society

UAE cyber leaders – back to basics to prepare for the future

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

Top 10: Procurement & Supply Chain LIVE speaker highlights

Leadership & Strategy

10 apps to improve wellbeing on World Mental Health Day

Leadership & Strategy

Meet the COO: Brook Sims of MAC Diversity Recruiters

Leadership & Strategy