CoStar Group is close to an agreement to acquire Move Inc., the parent of Realtor.com and several other CRE-related data platforms, from News Corp. in a $3B deal, Bloomberg reported.
In filing with the SEC this week, News Corp. confirmed that the negotiations are part of an ongoing effort "to assess opportunities that will maximize shareholder value."
"Any potential transaction would support News Corp's strategy to optimize the value of its Digital Real Estate Services segment, while strengthening Realtor.com's competitive position in the market," the company's filing said.
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