PropTech Group Limited (ASX:PTG) signed an agreement to acquire Website Blue for AUD 1.5 million on February 23, 2021. Under the terms of transaction, PropTech will acquire Designly, operated by Website Blue. Initial consideration is payable on completion of AUD 0.75 million which includes AUD 0.05 million in cash and AUD 0.6 million in PTG shares, Deferred consideration of AUD 0.375 million is payable 12 months after completion, a further deferred consideration of AUD 0.375 million is payable 24 months after completion. The transaction is expected to complete on or about March 1, 2021.