The departing CEO of REA Group is going to work for Scout24 who is the majority owner of iProperty's No.1 competitor, PropertyGuru.
http://aimgroup.com/2014/02/10/greg-ellis-on-his-way-to-scout24-in-munich/
Not good news but 1 man cannot cause PropertyGuru to defeat iProperty IMO.
If anyone has any meaningful comments/insight, I would love to hear it.