CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nine’s target price is AUD 2.79 billion.
Category: robert thomson
Realtor.com moves headquarters from Santa Clara to Austin, Texas
Six years after opening an office in Austin, Realtor.com is making the space its new headquarters. The company said it has more than 400 employees in Texas and now plans to add “hundreds more.”
Realtor.com suffers double-digit drop in quarterly revenue, traffic
Realtor.com parent company Move Inc.’s revenue declined 16 percent to $142 million in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal’s long-term prospects.
Despite Q4 decline, Realtor.com says it’s ready to take on CoStar
Realtor.com parent company Move’s Q4 and FY 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call on Thursday. Despite its struggles, News Corp CEO is confident in the brand’s ability to stand toe-to-toe with its competitors.