Report: News Corp. not to invest further in REA Group

02 Jul 2009
The Finance News Network is reporting that News Corp. has decided not to invest further in the REA Group. News, the report claims, was offered some of the 13.5 million shares which were sold yesterday on behalf of Sam White, deputy chairman of Ray White Group. The Finance News Network says that,

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.