Australian Firm REA Group Pays €248m for 35% Stake in Daft.ie and DoneDeal Owner Distilled
Australian property and digital advertising firm REA Group has agreed to pay €248 million for a 35% stake in Distilled, the Irish parent company of Daft.ie, DoneDeal, PropertyPal, and Used Cars NI, valuing the entire business at approximately €708 million. The deal marks a significant vote of confidence in Ireland's digital marketplace sector and will see REA Group gain exposure to both the Republic and Northern Ireland markets.