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Up and coming neighbourhood

26 July 2021 By Jennifer Hughes

Peter Thiel and Richard Li’s blank-cheque firm is buying Southeast Asia-focused PropertyGuru in a tie-up worth $1.8 bln. That’s roughly double its failed 2019 IPO and a roof-raising 52 times EBITDA. Rupert Murdoch’s REA is also involved. The price is high for this neighbourhood.

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