News Corp, publisher of the Wall Street Journal, said it would purchase real estate website operator Move Inc for for about $950 million. News Corp said it would pay $21 per share, representing a premium of 37 percent over Move's closing price on Monday.
Move, Inc. (Move) is a real estate information marketplace connecting consumers with the information and needs to make informed home buying, selling, financing and renting decisions. Shares of MOVE traded higher by 4.94% or $0.72/share to $15.29. In the past year, the shares have traded as low as $9.47 and as high as $18.36. On average, 537098 shares of MOVE exchange hands on a given day and today's volume is recorded at 663323.
News Corporation is a diversified media and information services company. Shares of NWSA fell by 1.06% or $-0.18/share to $16.80. In the past year, the shares have traded as low as $15.44 and as high as $18.53. On average, 3023550 shares of NWSA exchange hands on a given day and today's volume is recorded at 6009298.
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