News Corp. Move Acquisition Smacks Trulia, Zillow

By | September 30, 2014

Scalper1 News

News Corporation’s sudden move into the online real estate business has shaken some Wall Street investors. Stocks of online real estate companies Trulia (TRLA) and Zillow (Z) were down more than 2% and 3%, respectively, in midday trading on the stock market today. The decline followed News Corp.’s (NWS) announcement that it plans to acquire Move (MOVE), a leading online real estate company, for $21 a share, or $950 million. The purchase price Scalper1 News

Scalper1 News