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Murdoch's News Corp. to buy parent of Realtor.com for $950 million
Murdoch's News Corp. to buy parent of Realtor.com for $950 million

Rupert Murdoch is moving into the online real estate business. Murdoch's News Corp. announced a deal Tuesday to buy Move Inc., operator of Realtor.com, the nation's third-largest real estate listings website, for $950 million. The purchase, expected to close by the end of the year, would put the parent company of the Wall Street Journal in direct competition with online listing giants Zillow and Trulia, rivals who themselves announced a merger agreement in July. News Corp. has been working to diversify beyond its core business of print newspapers, such as the Wall Street Journal and New York Post. This deal would give it a piece of the fast-growing online real estate...

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