Troubled online estate agent Purplebricks is looking to secure a buyer urgently despite the values currently under discussion being extremely low.
Once valued at £1.35bn, Purplebricks’ market capitalisation is now estimated at around just £6.7m.
The company’s share price took a heavy hit in early morning trading.
As AJ Bell investment director Russ Mould explains: “Purplebricks saw its share price crash 57% as the ground continues to crumble beneath its feet.