News Formal

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

  • 📰 THR
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia earnings overshadowed by Microsoft, ChatGPT, OpenAI, 10-year gaming partnershipNvidia Corp. earnings received a warmup Tuesday as Microsoft Corp. and the graphics-processing-unit giant announced a new partnership. Oh yeah, those big names sure have a way of making Nvidia look small.
Source: MarketWatch - 🏆 3. / 97 Read more »