It's recently come to light that Emoov, a property portal servicing the UK, is being sold only months after it was bought out by online agency Teplio and online lettings platform Urban for around £100m.
Sky - which has a history of well-informed leaks regarding Emoov - says the agency has appointed stockbroker Arden Partners to oversee an auction “amid signs that it is facing a cash squeeze.”
Quirk did not deny the speculation when asked about it this evening by Estate Agent Today. Instead, when asked if he had a comment, he merely said: "I'm afraid not."
Sky says traditional London agency Foxtons - which many believe is itself in a relatively difficult position - has held preliminary talks about a takeover of Emoov although Sky says it’s unclear whether these talks are ongoing.
Following this summer’s Emoov/Tepilo/Urban merger - which Emoov founder and chief executive Russell Quirk suggested was effectively a takeover by his team - the chief investors in the combined business have been former Daily Express owner Richard Desmond and Channel 4's Commercial Growth Fund.
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