News Corp’s talks to sell the parent of Realtor.com to CoStar Group Inc. have ended without a deal.
But CoStar Chief Executive Andy Florance said on a conference call to discuss his company’s results late Tuesday that it is not acquiring Move after all.
The deal would have put CoStar into head-to-head competition with Zillow Group Inc. Z,
Shares of CoStar tumbled in extended trading Tuesday after the company reported weaker-than-expected results for the quarter ended Dec. 31.
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An expanded version of this report appears on WSJ.com.
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