News Corp, operator of the popular Australian real estate portal and many other media outlets across the globe, is set to acquire operator Move Inc. for $950 million in cash.

The pending acquisition, unanimously approved by Move and News Corp’s boards, comes just two months after the merger announcement of Move’s chief competitors, Zillow and Trulia.

See related stories:

Why NAR gave News Corp its blessing to acquire operator Move

With News Corp’s play, it’s ‘game on’ as real estate portals battle for dominance

Rupert Murdoch’s Australian portal thrives in country with no MLS and few buyer’s agents

Murdoch’s play for Move shows appetite for investing in real estate technology

Do not underestimate Rupert Murdoch

What sale of operator Move to News Corp signifies: Nothing. Zippo. Nada.

“This partnership will help shape the future of real estate,” said National Association of Realtors President Steve Brown in a statement. Move has an exclusive agreement with NAR to operate that dates back to 1996. is Move’s flagship product and service.

“We intend to use our media platforms and compelling content to turbocharge traffic growth and create the most successful real estate website in the U.S. We are building on our existing real estate expertise and expect to leverage the potential of Move and its valuable connections with Realtors and consumers around the country,” said Robert Thomson, CEO of News Corp, in a statement.

News Corp, known for its Executive Chairman Rupert Murdoch, owns many high-profile media brands across the world, including the Dow Jones, The Wall Street Journal, HarperCollins Publishers and The Times. It also holds a 61.6 percent stake in REA Group Limited, operator of

When the acquisition closes, REA Group intends to hold a 20 percent stake in Move.

“This is a fantastic opportunity for REA Group to invest in a leading player in the largest real estate market in the world,” said REA Group CEO Tracey Fellows in a statement. “We see strong growth potential for Move, given the size of the U.S. market, the significant proportion of real estate advertising yet to move online, and recent industry consolidation.”

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription