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Synopsis
News Corp, the operator of Realtor.com, a real estate marketplace, completed the acquisition of UpNest, a provider of realtor marketplace. Financial terms were not disclosed. "Our open marketplace approach is all about empowering people with choices. While some of our competitors try to funnel buyers, sellers and real estate professionals into a specific set of services in a closed system, Realtor.com helps homeowners choose how they want to find and connect with an agent, and agents and brokers can decide which methods work best for them. UpNest has a proven track record of successfully connecting homeowners looking to sell with the right agent for them, and we believe that its innovative model complements our existing ReadyConnect Conciergeā program," David Doctorow, Realtor.com CEO.
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