What do you mean you didn’t see this coming? Move, owner and operator of Realtor.com, has agreed to be acquired by News Corp for less than $1bn.
It’s sort of a no-brainer. Trulia and Move are losing the US portal wars, with Zillow out-manoeuvring both.
Move makes a lot of money. But Trulia is worth more (market cap). So Trulia buys Move, uses Move’s cashflow to step up…