News Corp. Completes Acquisition Of OpCity

The News Corp. subsidiary Move Inc. has completed its acquisition of real-estate technology firm OpCity.

News Corp. first announced the deal, valued at around $210 million, in late August.

Move Inc. is News Corp.’s real estate-focused subsidiary, owning properties like, Doorsteps and

OpCity’s technology platform connects home buyers and sellers with real-estate professionals. The company had raised $27 million since launching in 2015.

The company is based in Austin, Texas, and will continue to operate under its own brand. CEO Ben Rubenstein now reports to Move Inc. CEO Ryan O’Hara.

The acquisition of OpCity continues News Corp.’s push into real estate as a supplement to its newspaper businesses.

In addition to businesses, the company owns a majority stake in the Australian real estate technology firm REA Group Limited.




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