News Corp’s plan to sell one of its multi-billion-dollar real estate assets has fallen apart.
The company had been in advanced talks to sell its 80% share of Move Inc to rival CoStar, in a deal valued in the “low billions” of dollars.
However, on Tuesday News Corp said it was “no longer engaged” in these talks.
The remaining 20% of Move Inc is held by REA Group, the listed Australian real estate group that is also majority owned by News Corp.
