Zoopla - owner - has been acquired by US equity company Silver Lake for £ 2.2bn ( $ 3bn ) . The announcement on 11 May led to a rise in the share price of the property websites Rightmove and OnTheMarket . ZPG major shareholder and Daily Mail owner DMGT sold its 29.8 % stake for more than £ 640 ##m . Its chairman Alex Chesterman is to stay on as CEO of ZPG .
Zoopla-owner ZPG has been acquired by US equity company Silver Lake for £2.2bn ($3bn). The announcement on 11 May led to a rise in the share price of competing property websites Rightmove and OnTheMarket. ZPG major shareholder and Daily Mail owner DMGT sold its 29.8% stake for more than £640m. Zoopla founder Alex Chesterman is to stay on as CEO of ZPG.