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New Deal


Announced

Completed

News Corp completed the acquisition of UpNest.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate marketplace

Completed

Single Bidder

United States

Online and Social Platforms

Acquisition

Friendly

Domestic

Majority

Private

Synopsis

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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 Concierge℠ program," David Doctorow, Realtor.com CEO.

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