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March 11, 2014
09:02 EDTMOVEListHub announces agreement with ListGlobally
ListHub announced a new agreement with ListGlobally. The agreement now provides ListHub Global customers a network of 49 portals in 30 countries including new locations in Asia, Russia, Western Europe and South America. ListHub, operated by Move, launched ListHub Global in July 2013. With a network of more than 450 MLSs and 50,000 broker subscribers, ListHub allows brokers to swiftly and safely advertise their listings on the most visited real estate websites across the nation, and now around the globe.
News For MOVE From The Last 14 Days
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October 1, 2014
10:00 EDTMOVEOn The Fly: Analyst Downgrade Summary
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08:57 EDTMOVEZillow sell-off overdone, says JMP Securities
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05:37 EDTMOVEMove, Inc. downgraded to Neutral from Buy at B. Riley
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September 30, 2014
16:22 EDTMOVEOn The Fly: Closing Wrap
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12:54 EDTMOVEMove, Inc. could see another bidder emerge, says Craig-Hallum
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12:40 EDTMOVEOn The Fly: Midday Wrap
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09:10 EDTMOVEOn The Fly: Pre-market Movers
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08:59 EDTMOVENews Corp. sees Move, Inc. deal 'modestly accretive' in short term
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08:52 EDTMOVENews Corp. sees Move, Inc. deal to close in 2Q15
News Corp (NWSA) believes Move, Inc. (MOVE) is in a unique position and holds an important role for the company to expand in the digital real estate industry. Says this is the most significant acquisition the company has made since launching as a separate company last summer. Says this acquisition allows the company to stay committed to returning capital to shareholders. Says believes that Move Inc.'s strategy is different that that of Trulia (TRLA) and Zillow (Z). Says expects that the transaction will be very modestly EPS valued in the short term. News Corp continues to expect to generate positive cash flow regardless of the acquisition. Says Move, Inc. will improve and enhance the core media assets of News Corp. Comments made during a conference call discussing News Corp's acquisition of Move, Inc.
07:26 EDTMOVEMove, Inc.volatility low into News Corp to acquiring for $950M
Move, Inc. (MOVE) overall option implied volatility of 43 is below its 26-week average of 52 according to Track Data, suggesting decreasing price movement into News Corp (NWS) agreeing to acquire for $21 per share.
06:34 EDTMOVENews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
News Corp and Move, Inc. announced that News Corp has agreed to acquire Move. REA Group Limited, which is 61.6% owned by News Corp and is the operator of Australian residential property website,, plans to hold a 20% stake in Move with 80% held by News Corp. Under the acquisition agreement, which has been unanimously approved by the board of Move, News Corp will acquire all the outstanding shares of Move for $21 per share, or approximately $950M, via an all-cash tender offer. This represents a premium of 37% over Move’s closing stock price on September 29, 2014. REA’s share will be acquired for approximately $200M. News Corp intends to commence a tender offer for all of the shares of common stock of Move within 10 business days, followed by a merger to acquire any untendered shares. News Corp. CEO Robert Thomson said, "In addition to boosting Move’s subscription, advertising and software services, this acquisition will give News Corp a significant marketing platform for our media assets, which will benefit from the high-quality geographic data generated by real estate searches. We certainly expect this deal to amount to far more than the sum of the parts.” For the year ended December 31, 2013, Move reported $227M in revenues, and $29M in adjusted EBITDA5, and generated the highest revenue per unique user in the industry. Move will become an operating business of News Corp and remain headquartered in San Jose, California.
06:32 EDTMOVENews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
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September 29, 2014
09:21 EDTMOVECENTURY 21 Real Estate signs marketing agreement with
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07:11 EDTMOVEMove, Inc. named Best Idea at Stephens
Stephens made Move, Inc. the firm's new Best Idea, citing its valuation and potential for an accelerating high-margin revenue ramp-up. The firm maintains its Overweight rating and $21 price target on Move.
September 23, 2014
14:37 EDTMOVEMove, Inc. management to meet with Stephens
Meeting to be held in Boston on September 25 hosted by Stephens.
September 18, 2014
14:43 EDTMOVEMove, Inc. management to meet with Craig-Hallum
Meeting to be held in Toronto on September 24 hosted by Craig-Hallum.

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