Yellow Pages to acquire digital real estate hub

Montreal-based company to pay $50 million for ComFree/DuProprio Network

Yellow Pages says it’s acquiring a digital real estate marketplace called the ComFree/DuProprio Network for $50 million.

The Montreal-based publisher of phone and advertising directories says ComFree/DuProprio will complement its other businesses.

It says CFDP had more than $40 million in revenue in 2014, and has grown about 20% annually over the past three years.

The seller is Square Victoria Digital Properties, a subsidiary of Power Corporation of Canada that also has investments in companies such as the Workopolis job website and Olive Media, a digital advertising sales representative.

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