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Zillow sale sparks revamp of Packer family settlement

2016-02-18 02:09:06| Trucking - Topix.net

Packer invested in Zillow in 2013, taking a A$330 million stake in the Nasdaq-listed real estate marketplace, via a deal sparked by Australian fund management firm Caledonia Investments, which remains Zillow's largest investor. Billionaire James Packer has sold half of his stake in US-listed real estate company Zillow with his sister Gretel Packer thought to have acquired a holding in the online property portal as part of an ongoing deal splitting up the family empire.

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