News Corp. Buys Real Estate Technology Firm OpCity

The publishing giant News Corp. is buying the real-estate technology firm OpCity, in a deal valued at approximately $210 million.

OpCity, which was founded in 2015 and has raised $27 million from investors, connects home sellers and home buyers with real-estate professionals.

When the deal closes, OpCity will become a subsidiary of News Corp.’s Move Inc. unit, which owns Ben Rubenstein, CEO, OpCity, will remain in that post after closing, reporting to Move Inc. CEO Ryan O’Hara.

News Corp. has been increasing its real-estate business in recent years. It acquired and holds a majority stake in the Australian realty technology firm REA Group Limited.



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