News Corp Ups Stake in Real-Estate Portal PropTiger

Economic Times: News Corp. has raised its stake in the Singapore-based Elara Technologies, the parent company of real-estate portal PropTiger.com. News Corp. had acquired a 25 percent stake in Elara in November 2014 for $30 million, but terms of the transaction through which News Corp’s stake in Elara has increased to about 30 percent were not disclosed by the company. Since the investment by News Corp., PropTiger has acquired digital design startup Out of Box Interaction as well as property search portal Makaan.com.