Tepilo, Emoov, Urban.co.uk merger creates UK’s second largest online agency

Sarah Beeny’s Tepilo has merged with Emoov and bought lettings specialist Urban.co.uk to create a web presence that slots in behind Purplebricks as the second largest digital agency in the UK. The venture will be headed up be Emoov founder Russell Quirk, and will benefit from £15m of fresh investment in cash and media promotion (including a deal with Channel 4). More here.