News Corp Provides Update on Discussions Regarding Move, Inc.
February 21 2023 - 05:40PM
Business Wire
News Corp today confirmed that it is no longer engaged in
discussions with CoStar Group, Inc. (NASDAQ: CSGP) regarding a
potential sale of Move, Inc, operator of
Realtor.com®.
News Corp will continue to actively assess opportunities to
support the Company’s strategy to optimize the value of its Digital
Real Estate Services segment and otherwise maximize shareholder
value.
News Corp does not intend to make any additional comments
regarding this matter unless and until it is appropriate or
required to do so.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “may,” “will,” “should,” “likely,”
“anticipates,” “expects,” “intends,” “plans,” “projects,”
“believes,” “estimates,” “outlook” and similar expressions are used
to identify these forward-looking statements. These statements are
based on current expectations and beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements in
this press release due to the risks, uncertainties and other
factors described in the Company’s filings with the Securities and
Exchange Commission. More detailed information about factors that
could affect future results is contained in our filings with the
Securities and Exchange Commission. The “forward-looking
statements” included in this press release are made only as of the
date of this release. We do not have and do not undertake any
obligation to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, and we expressly
disclaim any such obligation, except as required by law or
regulation.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: digital real estate services,
subscription video services in Australia, news and information
services and book publishing. Headquartered in New York, News Corp
operates primarily in the United States, Australia, and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230221005906/en/
News Corp Investor Relations Michael Florin 212-416-3363
mflorin@newscorp.com News Corp Corporate Communications Jim Kennedy
212-416-4064 jkennedy@newscorp.com
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