Silverlake secures Zoopla in £2bn ZPG acquisition

Zoopla website

US private equity firm Silverlake has paid £2.2bn to take control of ZPG, the owner of online property portals Zoopla, PrimeLocation and SmartNewHomes.

Silverlake is paying 490p a share, almost a third higher than its closing price on Thursday, to take control of the group which also owns price comparison website Uswitch.

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