Online estate agent Emoov has put itself up for sale just months after completing a merger process.
These bargain areas are the ideal place to look when getting on the #propertyladder at a lower cost with some potential additional house guests… https://t.co/g1qjCA6q1H#HappyHalloween #Halloween2018 pic.twitter.com/EznfTBNoHS
— Emoov (@emoov) 31 October 2018
According to a report by Sky News, Emoov has appointed stockbroker Arden Partners to oversee an auction.
A source close to the firm later told City AM that a shareholder, who was due to inject a significant amount of funding into the newly-merged business, had reneged on a deal which saw Emoov then grappling for cash.
Investors also told media that estate agency Foxtons Group had already held preliminary talks about a takeover of Emoov although it was unclear whether these were still ongoing.