Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Oct 31 9:30 AM EST

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To: richardred who wrote (3717)	9/30/2014 10:01:24 AM
From: richardred	of 7239

Close only counts in Horseshoes- Missed the Move In Move and then the Takeout. Oh Well News Corp. to buy Move Inc. for about $950 million News Corp. to buy online real estate business Move for$950 million in cash NEW YORK (AP) -- News Corp. is spending about $950 million to buy the online real estate business Move Inc. in a deal that aims to speed up the media company's digital expansion. News Corp. says it will pay $21 per share in cash for each outstanding share of Move. That represents a 37 percent premium over the stock's closing stock price of $15.29 on Monday. Move operates the website realtor.com and News Corp. says it displays more than 98 percent of all for-sale properties listed in the United States. The media company says Move's network of websites reaches about 35 million people per month. New York-based News Corp., which is controlled by Rupert Murdoch, expects the deal to close at the end of the year. Move's board has unanimously approved the acquisition. finance.yahoo.com

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