M&A Deal Summary

News Corp Acquires Move

On September 30, 2014, News Corp acquired internet software and services company Move for 950M USD

Acquisition Highlights
  • This is News Corp’s 5th transaction in the Internet Software and Services sector.
  • This is News Corp’s 4th largest (disclosed) transaction.
  • This is News Corp’s 11th transaction in the United States.
  • This is News Corp’s 5th transaction in California.

M&A Deal Summary
Date 2014-09-30
Target Move
Sector Internet Software and Services
Buyer(s) News Corp
Deal Type Add-on Acquisition
Deal Value 950M USD
Advisor(s) Morgan Stanley (Financial)
Cooley (Legal)

Target

Move

San Jose, California, United States
Move, Inc. is a provider of online real estate services, operates realtor.com®, which connects people to the essential, accurate information needed to identify their perfect home and to the REALTORS® whose expertise guides consumers through buying and selling. As the official website for the National Association of REALTORS®, realtor.com® empowers consumers to make smart home buying, selling and renting decisions by leveraging its direct, real-time connections with more than 800 multiple listing services (MLS) via all types of computers, tablets and smart telephones.

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Buyer(S) 1

Buyer

News Corp

New York, New York, United States
Category Company
Founded 2012
Sector Diversified
Employees25,000
Revenue 9.9B USD (2023)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York City.

DEAL STATS #
Overall 16 of 24
Sector (Internet Software and Services) 5 of 7
Type (Add-on Acquisition) 11 of 16
State (California) 5 of 6
Country (United States) 11 of 13
Year (2014) 2 of 3
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-02 Harlequin Enterprises

Don Mills, Ontario, Canada

Harlequin is a publisher of books for women. The Toronto-based company publishes more than 110 titles a month in 34 languages in 110 international markets on six continents. These books are written by over 1,300 authors worldwide, offering women a broad range of reading from bestseller fiction to romance, from young adult novels to nonfiction, from African-American novels to inspirational romance, and more.

Buy CA$455M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 BigDecisions.com

Mumbai, India

BigDecisions.com is a Mumbai-based financial education website.

Buy -
Mergr

Product

Company

Legal