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News Corp. Buys Real Estate Listing Service Move for $950 Million

by Peter Kafka
Peter Kafka
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

News Corp. says it will augment its newspaper business by buying Move, the company that operates Realtor.com and other real estate listing sites, for $950 million. News Corp. will pay $21 a share for Move, a 37 percent premium on yesterday’s closing price.

This article originally appeared on Recode.net.

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