LONDON (Alliance News) – ZPG PLC on Tuesday said it made an approach to GoCompare Group PLC last week about possibly combining the two businesses, but said this was rejected.
The approach was made last Wednesday and rejected by GoCompare. ZPG said it is now “considering its position”.
ZPG operates some of the UK’s most well-known digital platforms, including Zoopla, USwitch, PrimeLocation, Money, Hometrack, and The Property Software Group. It’s market capitalisation is more than three times that of GoCompare, which was spun off by esure Group PLC last year.
ZPG shares were up 0.4% on Tuesday afternoon at 337.70 pence, valuing the firm at GBP1.48 billion. GoCompare was up 10% at 101.50 pence, valuing it at GBP424.6 million.
By Joshua Warner; firstname.lastname@example.org; @JoshAlliance
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