CoStar makes 'best and final' $1.8B offer for REA Group rival
CoStar Group is one step closer to purchasing Australia's 2nd-largest real estate classifieds firm, Domain. Founder and CEO Andy Florance spent several days in Sydney with Domain's owners
by Marian McPherson Mar 27
CoStar advances talks to purchase REA Group competitor Domain
CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, 2nd largest real estate classifieds firm in Australia behind News Corp-owned REA Group
by Marian McPherson Mar 20
News Corp CEO unfazed by CoStar's bid to buy REA competitor
CEO Robert Thomson said he's unbothered by CoStar's push to enter Australia, touting his company's media portfolio as a major advantage in pushing traffic to portals
by Marian McPherson Mar 4
CoStar makes bid to buy REA Group classifieds rival in Australia
CoStar is eying Australian real estate classifieds firm Domain for a rumored $2.7B. The purchase would put it toe-to-toe with News Corp, which owns REA Group, Australia’s largest classifieds firm
by Marian McPherson Feb 20
Realtor.com parent Move posts first revenue bump in 10 quarters
Realtor.com parent company Move’s revenues grew 2% YOY to $130M in Q2. However, market headwinds are still suppressing lead volume and traffic growth
by Marian McPherson Feb 5
Realtor.com parent Move sees revenue inch down in Q3
Move's overall revenue dipped 1% between July and September, while revenue from its real estate business — including Realtor.com — dropped 4%, according to Q3 earnings data released Thursday
by Jim Dalrymple II Nov 7
Rupert Murdoch's REA Group calls it quits on Rightmove acquisition
News Corp.-subsidiary REA Group announced on Monday it had given up on its quest to purchase Rightmove after its fourth offer of $8.3B was rejected by the UK portal's board of directors
by Marian McPherson Sep 30
Murdoch's REA Group makes another bid for UK's Rightmove
Sydney-based News Corp subsidiary REA Group has made a third bid for UK portal Rightmove. The company offered $8.1B for Rightmove on Monday — a 10% increase from its first offer
by Marian McPherson Sep 23
UK portal Rightmove rejects bid from Rupert Murdoch's REA Group
UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32B acquisition bid, saying it 'fundamentally undervalues' the company's prospects
by Marian McPherson Sep 11
Rupert Murdoch's REA Group eyes UK's biggest real estate portal
Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal
by Taylor Anderson Sep 3
Which companies saw 'rich and famous' cash flow in H1 2024?
Portals remain some of the most profitable businesses in real estate, while brokerage company profitability is more business model-dependent
by Mike DelPrete Aug 27
Realtor.com revenue drops 2% as traffic, lead volume remain flat
Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2% yearly to $143M as traffic to the site stalls at 74M average monthly unique visitors
by Marian McPherson Aug 8
Move Inc. sees 13% revenue decline as Realtor.com traffic improves
The Realtor.com parent company saw revenue decline 13% to $127M in the fiscal 2nd quarter. Mobile and website annual traffic growth remained flat, improving from Q1's 12% loss
by Marian McPherson Feb 12
Realtor.com suffers double-digit drop in quarterly revenue, traffic
Realtor.com parent company Move Inc.'s revenue declined 16% to $142M in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal's long-term prospects
by Marian McPherson Nov 9
Despite Q2 decline, Realtor.com says it's ready to take on CoStar
Realtor.com parent company Move's quarter and yearly revenues have slipped, with the company bringing in $602M for the full year. But despite struggles, News Corp's CEO is confident in the brand
by Marian McPherson Aug 10