Zoopla’s £460m bid for Gio

Daily Express - - CITY & BUSINESS -

THE owner of prop­erty por­tal Zoopla has made a £460mil­lion takeover ap­proach for price com­par­i­son site Go­Com­pare.

ZPG, whose brands also in­clude uSwitch and Home­track, said its pro­posal, valu­ing Go­Com­pare’s shares at 110p, was made last week but re­jected. It is now “con­sid­er­ing its po­si­tion”. Go­Com­pare, whose ad­ver­tis­ing cam­paign is fronted by fic­tional opera singer Gio Com­pario, said the pro­posal “fun­da­men­tally un­der­val­ues” the busi­ness. Its shares jumped 9¼p to 102p.

It is chaired by in­sur­ance en­tre­pre­neur Sir Peter Wood, who founded Di­rect Line in 1985.

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