Technology

Realtor.com operator News Corp. takes stake in India real estate portal

Media giant now has stake in 4 real estate portals around the globe

News Corp., the international media behemoth and new owner of realtor.com operator Move Inc., has taken a 25 percent stake in the operator of the 3-year-old India residential real estate portal PropTiger.com. The investment by News Corp. in the Indian portal operated by Elara Technologies Pte Ltd. expands the firm's international presence in real estate search and highlights the firm's international scope -- one of the key differences between it and the operators of the U.S.'s most popular portals, Zillow and Trulia. News Corp. now has a stake in four popular real estate portals from around the world: realtor.com in the U.S., realestate.com.au in Australia, iProperty in Southeast Asia and PropTiger.com in India. Portal, country News Corp. stake in portal's operator realtor.com, U.S. 80% realestate.com.au, Australia 61.6% iProperty, Southeast Asia "Substantial stake" PropTiger.com, India 25% Source: News Corp. News Corp. says PropTiger.c...