November 24, 2014

News Corp. invests in India real estate website

byThe Associated Press

News Corp. says it has invested in a real estate website in India as it tries to grow its digital business.

The New York-based media company, which is controlled by Rupert Murdoch, owns the Wall Street Journal newspaper and HarperCollins book publisher and runs the real estate website realtor.com.

News Corp. said Monday that it paid $30 million for a 25 percent stake in Elara Technologies Pte Ltd., which owns the Indian website, PropTiger.com. A News Corp. executive will join Elara's Singapore-based board.

Last year, News Corp. split its newspaper and publishing business from its more-profitable broadcast and entertainment operations, now called 21st Century Fox Inc.

Shares of News Corp. rose 29 cents to close at $15.46.

Citation: News Corp. invests in India real estate website (2014, November 24) retrieved 18 April 2024 from https://phys.org/news/2014-11-news-corp-invests-india-real.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

News Corp. to buy Move Inc. for about $950 million

0 shares

Feedback to editors

News Corp. invests in India real estate website

Key protein regulates immune response to viruses in mammal cells

Unraveling the mysteries of consecutive atmospheric river events

Research team resolves decades-long problem in microscopy

RNA's hidden potential: New study unveils its role in early life and future bioengineering

Smoother surfaces make for better accelerators

Scientists reveal hydroclimatic changes on multiple timescales in Central Asia over the past 7,800 years

Research reveals a surprising topological reversal in quantum systems

NASA's Juno gives aerial views of mountain and lava lake on Io

Toxic fireproof chemicals can be absorbed through touch, 3D-printed skin model shows

Skyrmions move at record speeds: A step towards the computing of the future

Relevant PhysicsForums posts

Baltimore's Francis Scott Key Bridge Collapses after Ship Strike

What adhesive suitable for gluing steel and G10 material?

How much will my seaweed tanks heat up in the hot Indian summer?

How to attach clamp to metal bar?

Validating "NET Power's" use of the Allam-Fetvedt cycle

Car tires, informative video of the finer details

News Corp. to buy Move Inc. for about $950 million

News Corp profit drops; results top Wall Street (Update)

News Corp. board approves split, stock buyback

Murdoch companies name son Lachlan co-chairman

21st Century Fox abandons pursuit of Time Warner

News Corp shareholders approve split

Amazon says drone deliveries coming 'within months'

Google and Android system start to cut ties with Huawei

Amazon offers to help employees start delivery business

Apps cost too much? Court allows suit adding to Apple's woes

US judge recommends partial ban on iPhone imports to US (Update)

Apple pivot led by star-packed video service

Medical Xpress

Tech Xplore

Science X

News Corp. invests in India real estate website

Key protein regulates immune response to viruses in mammal cells

Unraveling the mysteries of consecutive atmospheric river events

Research team resolves decades-long problem in microscopy

RNA's hidden potential: New study unveils its role in early life and future bioengineering

Smoother surfaces make for better accelerators

Scientists reveal hydroclimatic changes on multiple timescales in Central Asia over the past 7,800 years

Research reveals a surprising topological reversal in quantum systems

NASA's Juno gives aerial views of mountain and lava lake on Io

Toxic fireproof chemicals can be absorbed through touch, 3D-printed skin model shows

Skyrmions move at record speeds: A step towards the computing of the future

Relevant PhysicsForums posts

Related Stories

News Corp. to buy Move Inc. for about $950 million

News Corp profit drops; results top Wall Street (Update)

News Corp. board approves split, stock buyback

Murdoch companies name son Lachlan co-chairman

21st Century Fox abandons pursuit of Time Warner

News Corp shareholders approve split

Recommended for you

Amazon says drone deliveries coming 'within months'

Google and Android system start to cut ties with Huawei

Amazon offers to help employees start delivery business

Apps cost too much? Court allows suit adding to Apple's woes

US judge recommends partial ban on iPhone imports to US (Update)

Apple pivot led by star-packed video service

Newsletter sign up

Donate and enjoy an ad-free experience