Tuesday, September 30, 2014

Move Acquired By News Corp.

Move, Inc., the operator of the Realtor.com, Move.com, and other related real estate businesses, is being acquired by News Corp., in a deal worth approximately $950M, the two companies said this morning. Move has operations in the Thousand Oaks, California area, although it is now based in San Jose. According to the two, News Corp. will pay $21.00 per share for Move Inc. Move had revenues of $227M for its year ended December 31, 2013. Move will become an operating business of News Corp., and will remain headquartered in San Jose. The company was started in Thousand Oaks in 1993, and now has 913 employees.

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