New York (November 14, 2014) – News Corp announced today that it has successfully completed its acquisition of Move, Inc. (“Move”). Move is a leading provider of online real estate services and operates a network of sites, including realtor.com®, the official website for the National Association of Realtors® .
Through realtor.com® and its mobile applications, Move displays more than 98% of all for-sale properties listed in the US. The Move network of websites reaches more than 30 million people per month, who spend an average of 22 minutes each on its sites.
“In partnership with the National Association of Realtors® and its one million members, we look forward to turbo-charging realtor.com® and making it the most popular and profitable property site in America,” said Robert Thomson, Chief Executive of News Corp. Mr. Thomson said that the acquisition of Move extends News Corp’s operations globally and digitally, and substantially bolsters the real estate pillar of its business.