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20 INSPECTIONS DEBRIS REMOVAL | EVICTIONS HUD CONVEYANCE PREP | ROOF REPAIR | INITIAL SECURES LOCK CHANGES | WINDOW BOARDING/REPLACING LAWN MAINTENANCE | EXTERMINATION | UTILITIES WINTERIZATIONS | SNOW REMOVAL | POOL SECURING REPAIRS AND REHAB | DEMOLITIONS | QUALITY ASSURANCE INSPECTIONS APPRAISALS | PROPERTY REGISTRATIONS WOLVERINE REAL ESTATE SERVICES, INC. We'll put you on the road to better fi eld services in 2014 WWW.FIELDINSPECTION.COM (800) 875-7170 THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. NEWS CORP ACQUIRES MOVE, INC. IN $950 MILLION DEAL News Corp, one of the world's biggest mass media companies, is purchasing online real es- tate firm Move, Inc., in a $950 million cash deal, the companies announced Tuesday morning. Under the acquisition agreement, which was unanimously approved by Move's board, News Corp will acquire all of Move's outstanding shares at the cost of $21 per share. e buy repre- sents a premium of 37 percent over Move's clos- ing stock price at the end of trading on Monday. News Corp said it will commence a tender offer for all shares of Move's common stock within 10 business days, following that with a merger to acquire any untendered shares. rough the deal, News Corp says it hopes to become a leading player in the expanding arena of online real estate through Move's vari- ous tools and its listing site, Realtor.com. "We have great faith in America's potential and the long-term asset value of housing, which is continuing its recovery and has yet to regain its full potency," said Robert omson, chief executive at News Corp. "It is forecast that the number of millennial households will increase from 13.3 million in 2013 to 21.6 million in 2018, and they will spend more than $2 trillion on home purchases and rent by 2018. Many will be- gin their search online and use tools and content on Realtor.com." e deal comes two months after two of Move's biggest competitors, Zillow and Trulia, announced plans to merge. Australian-based REA Group Limited, which is 61.6 percent owned by News Corp and operates RealEstate.com.au, will hold a 20-percent stake in Move, acquiring its share for approximately $200 million. News Corp will hold the remainder. rough Realtor.com and its mobile applica- tions, Move displays more than 98 percent of all for-sale properties listed in the United States, sourcing its data from relationships with hundreds of multiple listing services nationwide. e com- pany's network of websites reaches an estimated 35 million users per month, with 90 percent of page views going to "for sale" property links. In addition, Move benefits from an exclusive relationship with the National Association of Realtors, which has given its consent to the acquisition. "is partnership will help shape the future of real estate," said National Association of Real- tors President Steve Brown. "News Corp's ability to reach and engage consumers, combined with realtor.com's quality content and the real insights Realtors provide will transform the current land- scape. Working together, Realtors, Move, and News Corp will truly make home happen." Move will continue to remain headquar- tered in San Jose following the acquisition, the companies said. The average number of days it took to complete the foreclosure process on a residential housing unit in the U.S. in Q3 2014, the most since RealtyTrac began tracking the data in 2007. Source: RealtyTrac STAT INSIGHT 615