CoStar has ended talks with News Corp. to purchase Move Inc., the parent of Realtor.com and several other CRE-related websites, in a deal that would have been valued at an estimated $3B.
Costar CEO Andy Florance disclosed in an earnings call this week that CoStar will not be acquiring Move.
In an SEC filing last month, News Corp. confirmed it had entered into discussions with CoStar about Move as part of an ongoing effort "to assess opportunities that will maximize shareholder value."
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