30 Sep '14, 1pm

News Corp Acquires Publicly Traded For $950M

News Corp has agreed to acquire Move, Inc. (NASDAQ:MOVE) “a leading online real estate business that brings consumers and Realtors® together to facilitate the sale and rental of real estate in the United States.” “The Move Network of websites, which also includes Move.com, reaches approximately 35 million people per month, who spend an average of 22 minutes each on its sites1. REA Group Limited (“REA”), which is 61.6% owned by News Corp and is the operator of the leading Australian residential property website, realestate.com.au, plans to hold a 20% stake in Move with 80% held by News Corp. REA’s operations and investments include leading online real estate websites in Italy; casa.it and Luxembourg; atHome.lu In Asia: MyFun.com In Hong Kong: asquarefoot.com.hk and recently acquired a 17.22% stake in iProperty, the leading online real estate advertising business across Sout...

Full article: http://www.thedomains.com/2014/09/30/news-corp-acquires-p...

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