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CoStar in talks to buy operator of Realtor.com from Rupert Murdoch's News Corp

CoStar in talks to buy operator of Realtor.com from Rupert Murdoch's News Corp

Rupert Murdoch’s News Corp (NASDAQ: NWSA) is in talks to sell some of its digital real estate assets, namely the operator of Realtor.com, to D.C. commercial real estate data company CoStar Group Inc. (NASDAQ: CSGP), according to a securities filing. “News Corp actively assesses opportunities to maximize shareholder value, and discussions with CoStar Group are part of that ongoing effort,” the New York City company said in a statement. “Any potential transaction would support News Corp’s strategy to optimize the value of its digital real estate services segment, while strengthening Realtor.com’s competitive position in the market.”