The Ray White Group has sold its shareholding in the REA Group (realestate.com.au) to various new and existing REA shareholders. Ray White held one of the larges shareholdings and sold some 13.5 million yielding in excesss of $77 million.
For more information see http://tinyurl.com.au/x.php?1vc8
It is also interesting to see that News Corp has reportedly decided not to invest further in REA.
For more information see http://www.finnewsnetwork.com/archives/finance_news_network11756.html
