Quikr's acquisition of Alphabet-backed realty marketplace CommonFloor, originally reported as a $160m cash and stock deal, is now said to be a $200m equity swap.
CommonFloor, the India-based realty portal backed by diversified conglomerate Alphabet, is close to being acquired by classified listings service Quikr’s real estate subsidiary Quikr Homes, the Economic Times reported today.
The deal, which is expected to close within a fortnight, values CommonFloor at $200m and will consist of an equity swap, delaying investors’ opportunity to cash out until the merged company goes public. The transaction was reported in November to be worth $160m in cash and stock.
CommonFloor and…
