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Domain Holdings Seeking To Buy 10% Stake In PEXA s Parent
Law360 (May 28, 2021, 4:54 PM EDT) Online real estate marketing services provider Domain Holdings Australia is considering buying a 10% stake in the holding company of real estate platform Property Exchange Australia, or PEXA, a day after KKR reportedly launched a bid to pay more than A$3 billion ($2.31 billion) for the company.
Domain in its announcement Friday said it was exploring the idea of joining a consortium to make the purchase but did not identify potential joint venture partners. Media reports on Thursday indicated a KKR-Domain venture was seeking to buy PEXA.