13 January, 2016, India: Once again the most talked about website, the housing.com, hits the headline. In its recent development, the sources revealed that one of the India’s online marketplace, Snapdeal.com is in talking terms to acquire Housing.com.
As per the information released by the sources, Snapdeal is looking forward to close the deal within next two to four months. The deal will be driven by the common investors- SoftBank and Nexus Venture Partners. If all goes by the deal, the acquisition will going to benefit both the companies. This positive strike will provide Housing.com a much needed stability and an estimated USD $10-15 million revenue to its real estate vertical. However, the officials of the Snapdeal maintained silence on commenting anything on the development, reports CNBC-TV18.
UPDATE 14/01/2015 : According to latest information from sources, Housing.com is Not in talks with Snapdeal or any other company for sale.