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New York

Real estate franchisor sold

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It looks as though Realogy — the real estate franchising giant that owns Coldwell Banker, Century 21 and Sotheby’s International Realty — will be sold to a private equity firm for $9 billion. Apollo Group’s acquisition of Realogy is the latest in a series of purchases in the real estate business by private equity firms. more [NYT]
Apollo’s gamble more [WSJ]