REA Group Changes Name

At the most recent Annual General Meeting last week on Wednesday 26 November, the REA Group shareholders voted upon two name changes for the company.

Firstly, the publicly listed group holding company, realestate.com.au Limited, will now be known as REA Group Limited.

And secondly, Netwide Solutions Pty Limited, which is the Australian operating company, will now be known as realestate.com.au Pty Limited.

The name changes seem to better reflect the current status of the global online property advertising business, who own websites in 9 countries around the world, no longer just Australia.

1. News Corp Increases Stake in REA Group

   News Limited, the Australian subsidiary of News Corp, has increased its stake in realestate.com.au Ltd to 60.7%. ...

2. New REA Group Media Resource Centre

   REA Group Media has launched a new resource centre, reagroupmedia.com.au, that it argues consolidates its presence as a key player in the online media space. ...

3. REA Group Shuts UK Print Mags

   The REA Group Limited has issued a statement to the ASX announcing that it will close its UK print operations at the end of this month. ...

4. REA Group Projects 50% Revenue Growth

   While many in the property portal world are worried about a possible downturn in advertising revenue, Greg Ellis, CEO of REA Group, remains optimistic projecting a 50% revenue growth....

5. REA Group Loses Another Top Manager

   Shaun Di Gregorio, the General Manager for International Business, has made the shock announcement that he is leaving the REA Group after 7 ½ years. The announcement was made to all staff at the REA Group’s global conference at a resort on the Sunshine Coast....