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Morgan Stanley valued at $2.5 billion: News Corp.

A News Corp. spokeswoman told Inman that Morgan Stanley released the estimate in an August report

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Robert Thomson Morgan Stanley estimates is worth $2.5 billion, News Corp. CEO Robert Thomson said in a recent interview. That's more than double the $950 million that News Corp. paid for the listing portal's owner, Move Inc., two years ago. A News Corp. spokeswoman told Inman that Morgan Stanley released the estimate in an August report. A Morgan Stanley spokeswoman couldn't immediately confirm the estimate, saying she was reaching out to an Australian analyst who may have been its source. If accurate, the valuation provides validation of the acquisition as the media giant continues to retool the listing portal's consumer experience and real estate agent products. Thomson's take on the acquisition In an interview at a global media conference hosted by financial services company UBS, Thomson said News Corp. took over a "laggard in the market," and while "renovating the house while living it," turned into the ...