REA Group has today announced it now hold over 17% of the shares in ASX listed iProperty Group (IPP)

REA Group has today announced it now hold over 17% of the shares in ASX listed iProperty Group (IPP). REA's growth aspirations have been widely followed with investors placing a high price on the business in anticipation of further growth. Domestically, OnTheHouse (OTH) had been flagged as a potential target, however, REA has followed in the footsteps of other technology businesses such as Domino's Pizza and SEEK with an expansion into Asia. Perhaps, the investment in iProperty Group should not be such a surprise with Catcha Group (the owners of IPP) having previously worked with REA Group and subsequently set up operations in Asia. Catcha recently listed iBuy Group which is a bulk buying, clearance business for fashion brands. We spoke with Matt Haupt from Wilson Asset Management about the listing of iBuy - however the video includes a few clues and background on the Catcha Group: