Oct 8 (Reuters) - REA Group Ltd REA.AX :
* CO ENTERED INTO BINDING AGREEMENT TO ESTABLISH A JOINT VENTURE WITH 99.CO
* REA GROUP WILL BE THE LARGEST SHAREHOLDER WITH A 27% SHAREHOLDING
* TO CONTRIBUTE $8 MILLION IN WORKING CAPITAL TO JV
* EXISTING 99.CO SHAREHOLDERS, LIKE SEQUOIA, EDUARDO SAVERIN, AND SO ON WILL HAVE SHAREHOLDINGS IN JV CO TOTALLING 73%