Daily Mail Owner Nabs $205M In Sale Of Real Estate Data Biz

Law360 (March 13, 2018, 12:48 PM EDT) -- Media conglomerate Daily Mail and General Trust has agreed to sell its real estate data and software business to technology-focused investment firms Silver Lake and Battery Ventures for $205 million, the company said Tuesday.

Battery Ventures LP and Silver Lake will buy Daily Mail and General Trust PLC’s real estate data business, EDR, for $205 million, an investment that will provide the software company with the capital it needs to continue growing. The deal is expected to close in the coming weeks and is subject to...
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