Google Rumoured to be Hiring Online Real Estate Sales People

Rumours emanating out of Sydney today indicate that Google is aggressively looking to hire a field sales team to target the Sydney real estate market. Sources said that Google had approached a number of sales people from domain.com.au in an effort to hire them as field sales people for the Google real estate initiative. Sources also believed that Google may be initially targeting the Inner West region of Sydney.
Read more

News Corp Says No to Investing in REA Group

News Corp has apparently decided not to invest further in the REA Group.
Read more

Ray White Sells REA Group Shareholding

.

.

In a surprise move late last night, the Ray White Group sold its complete shareholding in the REA Group (realestate.com.au).   The long time second largest shareholder sold 13.5 million shares at $5.75 per share, yielding $77.6 million.   This represents a change of ownership of 10.8% of the REA Group shareholding base.  It is believed that the shares have been acquired by a number institutional investors and, surprisingly, not by News Corp.
Read more