ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
Abstract: started in April last year, the Tencent, the NetEase began to enter the field of broadcast information almost at the same time, embedded in their own news client in the live page card, after a year of development, but this information broadcast competition has just begun.
major news client layout information for a period of time, after the man-machine war, the two sessions can see the figure of the live broadcast. And let the majority of people feel the value of the direct broadcast of the news, or last month, the news client of 24 hours of Beijing full range of multi angle live broadcast.
started in April last year, the Tencent, the NetEase began to enter the field of broadcast information almost at the same time, embedded in their own news client in the live page card, more than a year of layout, yesterday, the NetEase officially announced the news to the NetEase broadcast live program and PGC program as the core broadcast strategy.
the two part is simply "self" and "cooperation", on the one hand, the NetEase will rely on the local news station and global correspondent for broadcast content production, including the immediate response to emergencies; on the other hand, relying on NetEase, launched the "TOP100 partnership program for PGC cooperation partners, to jointly produce the broader PGC broadcast content.
According to NetEase
senior director of center Yan Zhuang live laugh, the NetEase across the country through hundreds of sites, the correspondent extends to the three line of the city, in addition to the local station correspondent, also recruited worldwide media and scholars, NetEase and recruited from a correspondent in the management, is relying on the contract to establish a single project. NetEase currently has 507 special agents in the world, covering Europe, the Americas, Oceania, including the United States, Japan, Australia, Germany and other countries.
June, the flood disaster area south, NetEase news used throughout the South more than 20 local stations, hundreds of correspondent, the first time a 56 hour live video coverage, and the use of drones, VR and other equipment, and domestic and foreign media for the sharing of resources, five days live brought more than 1 million of the users interact.
cooperation part, NetEase is located on the NetEase PGC live broadcast. NetEase for the NetEase, a number of news broadcast function, at present, on the platform of 2 NetEase number has been carried out for nearly one thousand field trial. NetEase also supporting the launch of a live PGC TOP100 partner program, NetEase will be the highest traffic, the 100 largest social impact of the live broadcast of PGC, providing the best promotional resources and income returns.
can enter the TOP100? All of the content creators, as long as good enough live content can be entered, according to the different levels of the partners, the NetEase will match different ways of cooperation.
How to become
TOP100? The qualification examination and assessment of the pilot.