Another online buy for Daily Mail group

The Daily Mail and General Trust is about to add yet another business to its online portfolio by buying Villarenters.com. The deal, thought to be worth about £10m, is expected to be announced this week and would take DMGT's online spending to more than £170m. The main beneficiary will be Tim Coulton, a former farmer who set up Villarenters.com four years ago. It matches up the owners of holiday homes with people seeking to rent them. DMGT has been steadily acquiring online businesses, such as recruitment site Retailcareers and property site Primelocation, that are supposed to complement its newspaper operations. (Via The Sunday Times)