Bloomberg reported that News Corp. plans to sell Move Inc. to CoStar Group Inc.

 







Bloomberg reported that News Corp. plans to sell Move Inc. to CoStar Group Inc. 

Move Inc. is the parent company of Realtor.com and a few other real estate-related websites. 


  • A statement from News Corp. confirmed the discussions with CoStar, and the company is assessing opportunities to maximize shareholder value. 
  • Sources told Bloomberg that the deal, worth around $3B, would be made public in a few days.  
  • News Corp. acquired Move in 2019 for $950M. News Corp. evaluated assets after Rupert Murdoch proposed recombining News Corp. and Fox Corp. in October. 
  • Irenic Capital Management, a News Corp. investor, is pushing to spin off real estate businesses. 

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