German publishing giant Axel Springer has raised its bid for French property website SeLoger.com by 12%, valuing the company at 634 million euros.
The new offer has been accepted by the board of SeLoger – the French equivalent of Rightmove – which will now recommend it to shareholders.
Axel Springer, which has international ambitions, first went after SeLoger last September, its interest pushing Rightmove share prices through the roof.
Berlin-based publisher Axel Springer has invested heavily in digital expansion in recent years and has previously bid for UK media organisations. It has already said that it will take SeLoger into global markets.
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