UK portal Rightmove’s board of directors has unanimously rejected News Corp subsidiary REA Group’s $7.32 billion acquisition bid, saying it “fundamentally undervalues” the company’s current and future prospects. Continue reading
Murdoch’s Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK’s largest real estate portal. Continue reading
Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors. Continue reading
In his second Inman Connect appearance of the year, Realtor.com CEO Damian Eales addressed an intensifying rivalry with Homes.com and what his company is doing to lead the charge on preserving buyer agency amid upcoming commission changes. Continue reading
California District Judge George Wu granted CoStar’s request for an expedited discovery in Move’s theft of trade secrets lawsuit against the portal. Both parties have until Aug. 5 to agree on the terms of the discovery. Continue reading
The editor at the center of the theft of trade secrets lawsuit between portal rivals Move and CoStar Group filed a 36-page statement in support of CoStar’s expedited discovery request. Continue reading
CoStar Group has put former Realtor.com News and Insights editor James Kaminsky on leave in response to Move’s objections to sharing confidential information amid its trade secrets lawsuit. Continue reading
Two weeks after filing a theft of trade secrets lawsuit against CoStar Group, Move now wants CoStar to hand over Move-owned files and electronic devices used by former Realtor.com News and Insights Editor James Kaminsky. Continue reading
Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading
Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar’s earlier claims about Homes.com’s growing traffic. Continue reading