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News Corp to Buy Move Inc.

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Real Estate Agent with Realty Group Referrals 16766

News Corp to Buy Move Inc.

 

News Corp, which owns The Wall Street Journal, announced that it plans to acquire Move Inc. in an all cash deal that totals about $950 million. Move runs Realtor.com and Move.com.

Move has claimed that its listings are more up to date and accurate than those of Trulia and Zillow because of its partnership with the National Association of Realtors. This transaction will greatly expand New Corp’s presence in real estate. The acquisition is expected to be completed by the end of this year.

Visit this link for much more information:

News Corp to Buy Online Real-Estate Business Move Inc. for $950 Million

 

What impact you think this transaction will have on the residential real estate industry?

 

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Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comments (15)
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Roy,  There is always something going on with these web gurus.  It will be interesting to see how this plays out

Sep 30, 2014 03:01 AM
Beth and Richard Witt
Long Island Cash Home Buyer - Center Moriches, NY
Long Island Cash Home Buyer 516-330-6940

I have no clue how this move will affect us Roy... however time will tell... Happy Day

Sep 30, 2014 03:17 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Are people bailing because of Zillow/Trulia? We must watch where this goes!

Sep 30, 2014 03:31 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comments. I appreciate your feedback.

Sep 30, 2014 03:46 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

We think it is going to give Zillow and Trulia a run for the $$.  The association with the news media makes it super appealing in my humble opinion.  A

Sep 30, 2014 05:34 AM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Roy, have no idea how it will  impact real estate, but I hope they give Realtor.com a shot in the arm and a desire to be more responsive to agent's concerns!

Sep 30, 2014 07:58 AM
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Roy ....we really need to stay tuned ....a lot is going on in the marketing area of real estate!!!!!

Sep 30, 2014 10:15 AM
Sondra Meyer:
Colorado Springs, CO
See It. Experience It. Live It.

It has been very interesting to watch all of the the changes in company ownership and business structures over the last few years.     We shall see.....  

Sep 30, 2014 11:35 AM
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Roy, I have read several posts about this today. Most of the comments have been negative on the other posts and I guess I got here early, seems more posittive and balanced based on some logic.

I think Ron and Alexandra hit it exactly right.

Sep 30, 2014 01:56 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for your feedback. It will be interesting to watch changes in the real estate industry.

Sep 30, 2014 08:59 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

We just have to see how things will go, but we should be prepared and make our own blogs and websites strong. We can't really rely on these big players so we can survive.

Oct 06, 2014 04:47 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your feedback. It is always good to hear from you.

Sep 02, 2015 08:42 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Thursday afternoon to all. I hope you are enjoying a very productive week.

Feb 16, 2017 10:44 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Public schools are open in Montgomery County, Maryland

Please drive carefully!

The fine for a camera catching a driver illegally passing a school bus increased July 1 to $250, with a ticket sent in the mail. No points are associated with a citation issued through this program. Over 500 school buses are not equipped with cameras.

If police see a driver illegally passing a school bus, the officer can pull the driver over and hand over a moving violation that carries a fine of as much as $570 and three points assessed on a driver’s record.

Sep 07, 2017 04:40 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I suggest following five or more additional members of ActiveRain each day. This is an easy way to pay it forward and a good way to build your network. You will earn points and the member you follow will also receive points.

Sep 12, 2017 08:39 AM
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