Alphabet has exited realty listings platform CommonFloor in a majority-stock purchase by Quikr that reportedly valued it at $100m to $120m.
Classified listings portal Quikr has completed its acquisition of India-based real estate listings company CommonFloor, giving an exit to internet and technology conglomerate Alphabet, the Economic Times has reported.
The deal was structured as a majority-share deal and will value CommonFloor at between $100m and $120m, a person directly involved in the transaction told ET. That is less than the $200m ET predicted Quikr would pay last month and reportedly less than the $160m valuation at which it last…
