Move’s acquisition will close as early as this Thursday since there was no need for an FTC investigation for potential of an anti-trust/monopoly. Zillow and Trulia drew the FTC’s concern because it was a combination of two large competitors in the same business, where Move’s buyer was not a major player in online real estate in the United States.
Everyone knows the iconic Rupert Murdoch and at least a few of his bold and successful business moves. However, when I ask USA based brokers, agents, and MLS executives who the REA Group is, I get blank stares. It sounds familiar some say, probably because there are dozens of products that start with Rea or Real.
Based on my non-scientific survey of the few dozen real estate industry people I’ve asked, my guesstimate is that more than 95% know Rupert, but less than 95% know who the REA Group is.
That’s why Clareity wrote the following paper:
Download the report now!
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