Consolidation in the world of private rental marketplaces as European startup 9Flats acquires North America specialist iStopOver.
Terms of the deal were not disclosed, but the agreement puts 9Flats in the heart of the Airbnb‘s stronghold of the US and Canada as 9Flats targets consumers and homeowners in San Francisco, Chicago, Vancouver and New York.
9Flats says it is working on merging the two platforms in the coming weeks but for the time being iStopOver site currently says “powered by 9Flats”.
Read full story at: http://www.tnooz.com/2012/08/07/news/9flats-buys-istopover-targets-home-turf-of-airbnb/