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News Corp. Abandons Talks to Sell Real Estate Business to Rival

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The Murdoch-controlled company was in discussions with CoStar Group for the sale of Move Inc., which runs real-estate listing site Realtor.com.

. has ended discussions with CoStar Group, the parent company of rental listing site Apartments.com, for the sale of its real-estate listing business Move Inc., the companies said on Tuesday.

A potential sale of Move Inc., which runs the listing site Realtor.com, began in earnest after Rupert Murdoch and Lachlan Murdochowner News Corp. in late January. That same month, News Corp. said it was exploring the sale of Move Inc. to CoStar for a deal reportedly at $3 billion. Had the deal gone through, the acquisition would put CoStar in more direct competition with other real-estate listing businesses like Zillow and Redfin.

 

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