I don’t know what this means yet for consumers, but realtors have been losing control of our destiny all year – at least News Corp might put up a fight.
“This acquisition will accelerate News Corp’s digital and global expansion and contribute to the transformation of our company, making online real estate a powerful pillar of our portfolio,” said Robert Thomson, Chief Executive of News Corp.
“We intend to use our media platforms and compelling content to turbo-charge traffic growth and create the most successful real estate website in the US,” Thomson added. “We are building on our existing real estate expertise and expect to leverage the potential of Move and its valuable connections with Realtors and consumers around the country.”
NAR puts their old-fashioned spin on it here: