Newscorp buys operator of real estate websites
Deal will jump start firm's real estate services business
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] News Corp, the publishing company controlled by Rupert Murdoch, agreed on Tuesday to buy Move Inc, an operator of real estate listings websites, for US$950 million in cash, as the newspaper publisher continues to branch out into new businesses.
The transaction is the latest, and largest, by Mr Murdoch's publishing arm since it split from 21st Century Fox last year.
Under the terms of Tuesday's deal, News Corp will pay US$21 a share through a tender offer for Move's stock.
Share with us your feedback on BT's products and services
TRENDING NOW
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
