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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (3717)7/28/2014 8:41:57 AM
From: richardred  Read Replies (1) | Respond to of 7242
 
It's an official deal now. The deal is for Z high priced stock. I expect MOVE stock to move up in sympathy.

Zillow to Acquire Trulia for $3.5 Billion July 28, 2014 8:31 am
dealbook.nytimes.com



To: richardred who wrote (3717)9/30/2014 10:01:24 AM
From: richardred  Respond to of 7242
 
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