NEWS Mike Simon, managing director at Move.co.uk, said: "The name Move.com in the US will disappear and merge into Homestore.com but the UK portal will remain. Move.com will use the UK portal as part of its expansion in Europe." The deal will see Move.com handed 23.6 million ordinary shares with the deal expected to be completed within the next six months.
Homestore buys US rival in $716m share deal
Online property company Homestore.com has paid $716m in ordinary shares for its rival Move.com in a deal that will create the largest real estate service in the US.
Recommended by silicon.com
Post your comment
In order to post a comment you need to be registered and logged in.
You can also log in with Facebook. Log in or create your silicon.com account below
Latest Networks stories
Get silicon.com's daily newsletter
-
Enter your email to register
Featured white papers
-
The virtual presenter's handbook
Web seminars -- or webinars -- are online seminars or presentations used to engage remote audiences with any content...
-
12 tips for better video conferencing
Travel is expensive in terms of both money and time. Interestingly, however, when 1,188 video conferencing users...
-
Enterprise wireless networks add speed with 802.11n
The IEEE 802.11n standard and Wi-Fi Alliance 802.11n certification herald a new world for enterprise wireless...
Popular Networks stories
Keep in touch with silicon.com
-
Connect with silicon.com on Facebook
Discuss the news of the day with the silicon.com team
-
Follow silicon.com on Twitter
Get regular updates from the silicon.com editors
-
Join the silicon.com LinkedIn networking group
Network with your peers and share expertise
Latest jobs
-
Financial Systems Accountant (BO reports writing skills) £50-55K
Due to internal restructuring a brand new opportunity exists for a newly qualified accountant to join head office...
-
Senior Marketing Executive - Poole - £30,000
I am representing a market leading company based in the Bournemouth / Poole area that are urgently looking for...
-
SAP Senior PC Product Costing Consultant - FICO (FI/CO) - End User - Up to £85,000
SAP Senior PC Product Costing Consultant - FICO (FI/CO) - End User - Up to £85,000SAP Senior PC Product...
silicon.com newsletters
-
Stay up to date with silicon.com newsletters
Keep up with the latest news and analysis from silicon.com with our free email newsletters
