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Big boost to Zoopla profile as it snaps up uSwitchZoopla Property Group has acquired uSwitch, widely considered to be the UK's leading price comparison website.

It also generates high volumes of leads for energy and communications firms, which Zoopla says it wants to fuse into agency leads, too.

The deal is worth £160 million plus a performance-based earn out' for existing management of up to £30 million.

In a statement to the City this morning ZPG says it plans to continue to lead innovation in the digital property space by creating a single resource where consumers will research, find and manage their home.

Agents already with Zoopla will benefit from what the site calls increased engagement with home movers and greater insight into their property requirements - along with a potentially much larger audience, too.

ZPG says it is also developing new products that will create revenue opportunities for its members around home services switching.

ZPG chief executive Alex Chesterman says: This is a transformational deal for our business and our members. With the plans we have to develop our services, consumers will have a single resource for all their property needs and this enhanced engagement with our users will create unique advantages for our members. This acquisition is a natural next step in the evolution of property portals, creating the ultimate property platform for our users and the most effective lead generation engine for our members.

Comments

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    Silence is golden...

    • 01 May 2015 09:25 AM
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    Never said you were - did I

    Come on then - WHY do you think they're not very good

    [b]Would or could [/b]you be a Member if they ticked more of your boxes

    • 01 May 2015 09:25 AM
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    I'm not an anti-OTM lobbyist, I just don't think they're very good :)

    • 01 May 2015 08:44 AM
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    And of course anti-OTM lobbyists have a completely balanced viewpoint...

    • 30 April 2015 17:08 PM
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    Thanks Jonathan

    • 30 April 2015 16:50 PM
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    Two fruit cakes Are you sure, high praise indeed :)

    • 30 April 2015 16:48 PM
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    Sounds fair :)

    • 30 April 2015 16:47 PM
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    Sadly, OTMers don't tend to believe stats that don't suit their agenda.

    • 30 April 2015 16:45 PM
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    100% agree with Simon Shinerock. As does the Stock Exchange, Zoopla shares up 17% today.

    • 30 April 2015 15:25 PM
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    Zoopla are clearly moving even further away from being a supplier to agency and more to a data supplier.

    • 30 April 2015 13:29 PM
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    Oh, Real Agent - that's a bit unkind.

    To fruitcakes.

    • 30 April 2015 12:57 PM
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    You are a fruitcake, Praise enough

    • 30 April 2015 12:36 PM
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    Praise for my poetry

    • 30 April 2015 11:49 AM
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    What is uSwitch

    • 30 April 2015 11:37 AM
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    A desperate attempt to divert attention from the publication of the fact that you've lost almost 1 in 4 - 23% of your clients and that to mitigate this you reward your remaining loyal ones with a 13% increase in your ARPA - aka charges!! This has left me more convinced than ever that ZPG is now a busted flush.

    • 30 April 2015 11:32 AM
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    "PeeBee don't be a sore loser..."

    I haven't lost [b]anything[/b], Mr Shinerock. What have [b]you[/b] 'won'

    • 30 April 2015 10:04 AM
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    "A service that includes all the essential services you need to change when you move home would be good."

    Such as... Estate Agents, perhaps

    And... you wouldn't maybe - just maybe - peddling such a service, perhaps

    Well I respectfully suggest you go back to the drawing board. A quick search on your woeful site in my local area brings up Estate Agents that have been CLOSED FOR OVER A DECADE.

    Try disrupting another industry - one you know more about.

    Sewage comes to mind immediately...

    • 30 April 2015 09:55 AM
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    Willy by name Wonka by nature

    • 30 April 2015 09:37 AM
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    Amazing how Simon 'the go to property/tech investor/entrepreneur'Shinerock, thinks this is going to be a good thing for agents.

    Astonishing!

    • 30 April 2015 09:27 AM
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    PeeBee don't be a sore loser, if you can't win yourself then back a winner. The thing is, change is happening whether you like it or not, I recently wrote two poems on the the subject (3 stanzas each)

    Change is strange in all its ways
    It leads us blindly through the Maze
    It haunts our nights and rules our days
    Change is constant not a phase

    And yet we act like all is still
    The world will bend around our will
    Our pockets full of lies we fill
    We are not ready for the bill

    But the Piper must be paid
    His tunes into the darkness fade
    A contract drawn a promise made
    A price we cannot long evade

    Change is coming feel it's chill
    Close your eyes it's coming still
    We can't stop it by our will
    So learn to love it take your fill

    Every season has its time
    We cannot live in Summertime
    Autumns coming on the breeze
    Leaves are falling from the trees

    Winters coming cold and bright
    Short the days long the night
    Spring will again appear
    Sunny mornings bright and clear

    We are nothing know it well
    If theres more then time will tell
    The only time we have is now
    Change is coming with a bow

    • 30 April 2015 09:23 AM
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    PeeBee & Simon, the both of you mention OTM - What is that A service that includes all the essential services you need to change when you move home would be good.

    • 30 April 2015 09:09 AM
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    Mr Shinerock - you can schmooze (credit: Robert May) all you like with Z - but I firmly believe that one day you will come to the stark realisation that you are just another number to them.

    It's whether you act on that realisation that is the question - and today I doubt the answer would be that you would.

    • 30 April 2015 09:07 AM
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    Congratulations to Alex and the team, the first of many examples of how a real business led by a real businessman can make real progress. The choice between Zoopla and OTM is progression versus regression, a point I have tried to make from the start.

    • 30 April 2015 08:49 AM
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    "Zoopla Property Group has acquired uSwitch..."

    Thats very kind of them making it easier than ever before for all its remaining Members to move over seamlessly to OTM! ;o)

    • 30 April 2015 07:38 AM
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