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Strike agrees to buy Purplebricks for £1 – Mortgage Strategy

Purplebricks is to be taken over by rival online estate agent Strike assuming its liabilities and paying a token consideration of £1. The announcement comes a week after Purplebricks said it was negotiating a potential deal with Strike, though Strike insisted then that it had no plans to table and offer. Purplebricks

Purplebricks agrees sale to rival strike for nominal £1

TROUBLED online estate agent Purplebricks, whose founders hail from Larne and which was once valued at close to £1 billion, has agreed a deal to sell its business and assets for a nominal £1 to a rival backed by Carphone Warehouse and TalkTalk founder Sir Charles Dunstone.

Investors told they ll get very little even if Purplebricks is sold

Purplebricks has warned investors that they are likely to receive next to nothing even if bosses find a buyer, prompting shares at the troubled online estate ag

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