Internet directory Scoot.com has sold its Loot.com classified unit to the Daily Mail for £45m in order to stay afloat for another couple of months. Scoot paid £189m for Loot in June last year.
The Daily Mail has also agreed a short-term loan of £10.5m to the ailing web firm.
Scoot, which last month warned it would run out of cash by the end of this month, said that it now has enough to last until October.
Loot has been publishing classified ads for cars, property, jobs and other services in London since 1985.
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