Quikr To Buy Realty Portal, CommonFloor For $160 Million

Quikr is in advanced talks to acquire realty portal CommonFloor. The transaction is expected to close at around $160 million.

Tiger Global an existing investor in both Quikr and CommonFloor is expected to put fresh capital into Quikr through primary issuance of shares.

Existing investors in CommonFloor are Google Capital and Accel Partners, who will collectively get 10% stake in Quikr (source).

Founded in 2007, CommonFloor had raised roughly around $60 million (last round from Google Ventures).  Quikr has in all raised $350 million in investments.