News Corp to Acquire Move, Inc. in $950 Million Deal

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 30, 2014 950 Views News Corp, one of the world’s biggest mass media companies, is buying online real estate firm Move, Inc., in a $950 million cash deal, the companies announced Tuesday morning.Under the acquisition agreement, which was unanimously approved by Move’s board, News Corp will acquire all of Move’s outstanding shares at the cost of $21 per share. The buy represents a premium of 37 percent over Move’s closing stock price at the end of trading on Monday. News Corp said it will commence a tender offer for all shares of Move’s common stock within 10 business days, following that with a merger to acquire any untendered shares.Through the deal, News Corp says it hopes to become a leading player in the expanding arena of online real estate through Move’s various tools and its listing site, Realtor.com.”We have great faith in America’s potential and the long-term asset value of housing, which is continuing its recovery and has yet to regain its full potency,” said Robert Thomson, chief executive at News Corp. “It is forecast that the number of millennial households will increase from 13.3 million in 2013 to 21.6 million in 2018, and they will spend more than $2 trillion on home purchases and rent by 2018. Many will begin their search online and use tools and content on realtor.com.”The deal comes two months after two of Move’s biggest competitors, Zillow and Trulia, announced plans to merge.Australian-based REA Group Limited, which is 61.6 percent owned by News Corp and operates RealEstate.com.au, will hold a 20 percent stake in Move, acquiring its share for approximately $200 million. News Corp will hold the remainder.Through Realtor.com and its mobile applications, Move displays more than 98 percent of all for-sale properties listed in the United States, sourcing its data from relationships with hundreds of multiple listing services nationwide. The company’s network of websites reaches an estimated 35 million users per month, with 90 percent of page views going to “for sale” property links.In addition, Move benefits from an exclusive relationship with the National Association of Realtors, which has given its consent to the acquisition.”This partnership will help shape the future of real estate,” said National Association of Realtors President Steve Brown. “News Corp’s ability to reach and engage consumers, combined with realtor.com’s quality content and the real insights Realtors provide will transform the current landscape. Working together, Realtors, Move and News Corp will truly make home happen.”Move will continue to remain headquartered in San Jose following the acquisition, the companies said.  Print This Post The Best Markets For Residential Property Investors 2 days ago Related Articles Previous: DS News Webcast: Tuesday 9/30/2014 Next: Single-Family Home Sales Drop in Connecticut Acquisitions Mass Media Move News Corp online real estate Technology 2014-09-30 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Acquisitions Mass Media Move News Corp online real estate Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Featured, Headlines, News, Technology News Corp to Acquire Move, Inc. in $950 Million Deal The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Home / Featured / News Corp to Acquire Move, Inc. in $950 Million Deal Sign up for DS News Daily About Author: Tory Barringerlast_img read more

For those with a head for history

first_img 13A paste-jewelry tiara worn by famed nineteenth-century actress Leonora Bradley in an 1891 production of “Jeanne d’Arc,” Harvard Theatre Collection. (Houghton Library) 6A hat worn by actress and dancer Katharine Sergava Sznycer in an undated production of “The Threepenny Opera.” A 1971 gift to the Harvard Theatre Collection. (Houghton Library) 9American Legion Auxiliary Girls State Hat, from the collection of American activist Charlotte Bunch. (Schlesinger Library) 11A junior varsity crew hat, 1942. (Harvard University Archives) 18A World War II Army Nurse Corps garrison cap, circa 1944, from the Hildegard E. Peplau collection. (Schlesinger Library) 5A class of 1950 reunion hat, 1960. (Harvard University Archives) 1A straw Panama hat bought at the Harvard Coop by T.S. Eliot. The $5 price tag is still affixed. (Houghton Library) 8A red crew hat owned by Henry Forster, Class of 1911. (Harvard University Archives) 16A World War II Army Nurse Corps garrison cap, circa 1944, from the Hildegard E. Peplau collection. She served in the war. (Schlesinger Library) 3A dark brown suede cowboy hat, signature headgear of lawyer, feminist, and civil rights activist Florynce Kennedy, 1916-2000. (Schlesinger Library) 12A beribboned woman’s boater from the Harvard Theatre Collection’s W.S. (William Schwenck) Gilbert and Arthur Sullivan realia, 1879-2001. (Houghton Library)center_img 4A camouflage ball cap with 15 pins, worn by American mathematician Alice Turner Schafer when she climbed the Great Wall of China in the 1990s. (Schlesinger Library) 14Matching homemade Class of 1915 reunion beanies, a gift from Emanuel Benjamin Friedberg, Class of 1915, (and MD 1920). The letters are rendered in adhesive tape. (Harvard University Archives) 10National Women’s Conference hat, 1977, from the collection of Charlotte Bunch. (Schlesinger Library) 7A nurse’s cap with pins and buttons, circa 1930, from the collection of nursing theorist Hildegard E. Peplau. (Schlesinger Library) 15A Harvard Theatre Collection helmet used by the actress Julia Arthur in a 1924 production of George Bernard Shaw’s “Saint Joan.” The touring role, over two seasons (1924-1926), was her last, after a career that began in 1879. (Houghton Library) Hats, hats, hats. How do we love thee?Certainly, for one, we love headgear — and have for millennia — by their cornucopia of names. We appreciate the aesthetics, protection, and ritual of the ball cap, beanie, bearskin, beaver, beret, boater, bonnet, and busby. We love the caubeen, cloche, cocked hat, coonskin, fedora, fez, gat, helmet, Homburg, kufi, and kepi.We esteem the mortarboard, Panama, pillbox, plug, plush, and porkpie. We glory in the shako, skimmer, slouch, snood, Stetson, stovepipe, and top hat. We are mindful of the toque, trilby, tricorne, turban, and the wimple.And our euphonious names for hat parts roll off the tongue: crown, peak, plume, visor, brim, sweatband and hatband, bond, bow, liner, crease, roll, front dip, and vamp.For a sense of Harvard’s history of hats, begin with the cover that went on once and will never come off: the scholar’s skullcap that tops the John Harvard Statue. (Look closely.) Or visit any number of Harvard repositories, where neat boxes of collected hats rest on shelves.At the Harvard University Archives, there are freshman beanies from a century ago, reunion hats with loopy script like the iced writing on wedding cakes, and a 1911 crew hat that looks as fresh as when it came off the shelf at James W. Brine Co., a Harvard Square outfitter of that era. At Schlesinger Library, many artifacts are kept in boxes stored in the old basement swimming pool. Archived head covers include Florynce Kennedy’s suede cowboy hat; demure nurses’ caps from the 1930s, folded like origami; and Army nurse garrison head gear from World War II.T.S. Eliot’s John B. Stetson “genuine Panama” is logged at Houghton Library as MS Am 2820. It appears unworn and the Coop price tag, $5, still dangles from the liner. In other boxes there are Gilbert & Sullivan costume hats, a woman’s boater, a clutch of powdered wigs, a feathered and florid Three Penny Opera bonnet that looks like a slain game bird, a paste-gem tiara from 1891, and a Joan of Arc helmet from 1924, complete with visor and neckpiece of mail. Said associate librarian Susan C. Pyzynski, “I don’t know where the sword is.” 2A freshman beanie donated by John Hall Howe, Class of 1903, grandson of Julia Ward Howe. (Harvard University Archives) 17A tan suede cowboy hat worn by Florynce Kennedy. (Schlesinger Library) 19Girl Scout hat from the collection of Charlotte Bunch. (Schlesinger Library).last_img read more