By John Glenday

Analysts have broadly welcomed property portal Zoopla’s acquisition of price comparison service uSwitch for £160m, pointing out the potential for revenue synergies and new products.

Describing the deal as a ‘good step’ for Zoiopla Sohil Chotai, analyst at Edison Investment Research, said: “We believe this is a good step for the company, as it seeks to differentiate itself from Rightmove and compete effectively with new entrant to the property portal market: Onthemarket.com.

“Onthemarket lacks the large investment, strong mobile offering, large inventory and value-added services that are required to succeed. The uSwitch acquisition highlights Zoopla’s commitment to offering useful services for its Read full story ›

Source: The Drum