For $950M, Move, Inc. to be acquired
ecently, it was announced that Rupert Murdoch’s News Corp has made a bid to acquire Move, Inc. and all of their subsidiaries for $950 million, a deal that is expected to close before the end of the year. Staff and headquarters will remain in San Jose, and there is no word yet as to what Move brands will be dissolved, consolidated, or spun off (if any).
Realtors reacted to the news in a variety of ways – some with support, others with skepticism, and we have found there to be a tremendous amount of misinformation floating around. To debunk some of the myths regarding the deal, we asked the CEO of the National Association of Realtors, Dale Stinton to weigh in, given how closely tied Move, Inc.’s realtor.com is with the trade group.
Stinton peppered the conversation with the theory that in partnership with Move, Inc., NAR must be looking into the future and advocating for their members and for homeownership, noting that this acquisition strengthens the brands and their advocacy potential…