The Financial Times has this morning reported on speculation that Zoopla could be vulnerable to a take-over.
The FT says in a column by Bryce Elder: “Property portal Zoopla was up 5.7% to 215p, albeit on thin volume, after the resignation last week of its finance director triggered speculation that it might be vulnerable to a takeover.
“Management has been meeting investors in recent days.”
Last week, Zoopla announced to the City that chief financial officer Stephen Morana would be leaving once a successor is appointed.
CEO Alex Chesterman paid tribute to him saying: “Stephen and I have worked closely together for almost three years.
“During this time he has played an important role as part of our leadership team and has shown huge personal commitment. He helped to prepare the company for its life as a public company, culminating in our successful IPO in 2014.
“He has been an outstanding CFO.”
inb4 OTM commentators!
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lol mrharvey ! …. they are on their way !
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Any idea what time they’re arriving?
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must be all partying at the 1st birthday bash
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