Home Property Online estate agent puts itself up for sale

Online estate agent puts itself up for sale

by Purvai Dua
1st Nov 18 11:23 am

Online estate agent Emoov has put itself up for sale just months after completing a merger process.

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.

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