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News Corp Ends Talks to Sell Digital Real Estate Firm Move Inc. to CoStar Group

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blog post. The company said it “will continue to actively assess opportunities to support the Company’s strategy to optimize the value of its Digital Real Estate Services segment and otherwise maximize shareholder value.”Bloomberg first reported in January that News Corp.

was in talks to move Move Inc. to commercial property services conglomerate CoStar Group in a deal valued at $3 billion. That report came just one day after NewsCorp.

had nixed a proposed merger with Fox.Bloomberg cited anonymous sources saying the sale could be finalized within days, though CNBC reported it was more likely to be completed within weeks.

About that, News Corp made clear Tuesday it had spoken its piece: “News Corp does not intend to make any additional comments regarding this matter unless and until it is appropriate or required to do so.”Move was acquired by News Corp.

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