{"id":42372,"date":"2023-02-23T17:54:26","date_gmt":"2023-02-23T04:54:26","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42372"},"modified":"2023-02-23T17:54:26","modified_gmt":"2023-02-23T04:54:26","slug":"news-corp-says-deal-to-sell-real-estate-asset-move-inc-has-fallen-apart","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/news-corp-says-deal-to-sell-real-estate-asset-move-inc-has-fallen-apart\/","title":{"rendered":"News Corp says deal to sell real estate asset Move Inc. has fallen apart"},"content":{"rendered":"<p><strong>PHOTO: CoStar Group has ended talks with Rupert Murdoch\u2019s News Corporation to\u00a0acquire Move, Inc. THE REAL DEAL<\/strong><\/p>\n<p>Rupert Murdoch\u2019s News Corp had acquired Move Inc in 2014 for $950mn \u00a9 Reuters<\/p>\n<p><em>Move Inc<\/em>. provides unsurpassed real estate information, tools and professional expertise across a family of websites and mobile experiences for consumer<\/p>\n<p>Rupert Murdoch\u2019s company had been in talks to sell to rival CoStar in a deal valued in the \u2018low billions\u2019 of dollars. News Corp\u2019s plan to sell one of its multibillion-dollar real estate assets has fallen apart, the latest setback to Rupert Murdoch\u2019s dealmaking ambitions. The company had been in advanced talks to sell its 80 per cent share of Move Inc to rival property listings group CoStar, in a deal valued in the \u201clow billions\u201d of dollars, the Financial Times reported last month.<\/p>\n<p>However, on Tuesday News Corp said it was \u201cno longer engaged\u201d in these talks. \u201cNews Corp will continue to actively assess opportunities to support the company\u2019s strategy to optimise the value of its [real estate assets] and otherwise maximise shareholder value,\u201d according to a statement. Murdoch, who turns 92 next month, had been seeking to combine News Corp with Fox, reuniting the two halves of his media empire. But last month he called off the proposed merger after meeting resistance from independent shareholders.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.ft.com\/content\/181ea12a-5df6-464f-9b02-e120fe2ddef3\">FT.COM<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n<ul class=\"wpp-list\">\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/real-estate-agents-who-has-the-lowest-and-highest-fees-watch\/\" target=\"_self\" rel=\"noopener\">Real Estate Agents: Who has the lowest and highest fees? WATCH<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/no-faking-it-rich-listers-back-for-season-two-with-a-promise-watch\/\" target=\"_self\" rel=\"noopener\">No faking it: Rich Listers back for season two with a promise | WATCH<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/claims-about-jacinda-arderns-wealth\/\" target=\"_self\" rel=\"noopener\">Claims about Jacinda Ardern\u2019s wealth<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/cyclone-gabrielle-tiny-home-solution-proposed-for-displaced-residents\/\" target=\"_self\" rel=\"noopener\">Cyclone Gabrielle: Tiny home solution proposed for displaced residents<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-ancient-stone-city-proof-of-nz-civilisation-before-kupe\/\" target=\"_self\" rel=\"noopener\">THE ANCIENT STONE CITY: Proof of NZ civilisation before Kupe<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-imminent-end-horror-house-price-plunge-prediction-australia\/\" target=\"_self\" rel=\"noopener\">\u2018THE IMMINENT END\u2019: Horror house price plunge prediction | AUSTRALIA<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/bayleys-on-growth-path-buys-specialist-residential-real-estate-agency\/\" target=\"_self\" rel=\"noopener\">Bayleys on growth path BUYS specialist residential real estate agency<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/nbr-rich-list-2022\/\" target=\"_self\" rel=\"noopener\">NBR rich list 2022<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/tommys-hutt-valley-back-with-new-agents-after-bayleys-acqusition\/\" target=\"_self\" rel=\"noopener\">Tommys Hutt Valley back with new agents after Bayleys acquisition<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/touring-michael-jordans-mansion-watch\/\" target=\"_self\" rel=\"noopener\">Touring Michael Jordan\u2019s mansion | WATCH<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: CoStar Group has ended talks with Rupert Murdoch\u2019s News<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/news-corp-says-deal-to-sell-real-estate-asset-move-inc-has-fallen-apart\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":42373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478124723,478098873,478098510,478124721,478098509,478099421,478124722],"class_list":["entry","author-data123nz","post-42372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-costar","tag-property-investment","tag-property-news","tag-real-estate-information-tools","tag-real-estate-news","tag-rupert-murdoch","tag-rupert-murdochs-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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