News Corp. Moves Into Online Real Estate in $950M Deal

News Corp. Moves Into Online Real Estate in $950M Deal

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Business

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News Corp, owned by Rupert Murdoch, is acquiring Move, a leading online real estate business, for $21 per share, a 37% premium over the previous day's closing price. The acquisition will be paid in cash, with News Corp owning 80% and its affiliate, Aryeh Group, owning the remaining 20%. Move is an online real estate company.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is the owner of News Corp mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of business is being discussed in the text?

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