London 30th November 2009 –
The founding management of online property search engine, Globrix, have
acquired News International's 50% stake in the business for an undisclosed
sum.
Dan Lee and Ian Parry now own 100% of the business.
Dan Lee said:
"We are delighted we have had the opportunity to buy News International's
stake in the business. This move means they can focus on their core
activities and that we can continue to progress Globrix as a technology
business and a growing UK property portal.
“We are grateful for the support of News International over the past few
years and look forward to continuing to work with them to power The Sun
online and The Times online property sections"
About Globrix
Globrix (www.globrix.com)
is a new type of property search website. It covers hundreds of
thousands of properties for sale or rent in the UK and it allows
you to search for property by a huge range of criteria. Globrix
does not charge estate agents to list.
Contact:
Globrix: Ian Parry 020 300
34250
News International: Daisy Dunlop 020 7782601