SAN JOSE, Calif., Feb. 12, 2016 /PRNewswire/ -- Move, Inc.
today provided the following statement regarding Zillow CEO
Spencer Rascoff's comment on
CNBC:
"Today on CNBC, Zillow CEO Spencer
Rascoff accused Rupert
Murdoch and News Corp of acting out of 'desperation' in
filing a 'vindictive' lawsuit. But that litigation was filed by
Move long before News Corp even owned the company, and it is based
squarely on the merits of the case, not emotions. In Zillow's own
filings with the SEC, it has concluded there is a 'reasonable
possibility' it will suffer a loss in this lawsuit.
It's understandable why Mr. Rascoff said today of the
litigation, he's 'tried to put it out of my mind.' Just last week,
the judge ordered defendants to appear for a two-day evidentiary
hearing on April 13 and 14 into
Move's claims that important evidence has been destroyed by some or
all of the defendants in this case."
About Move, Inc. and realtor.com®
Move, Inc. operates the realtor.com® website and mobile
experiences, which provide buyers, sellers and renters of homes
with the information, tools and professional expertise they need to
discover and create their perfect home. News Corp [NASDAQ: NWS,
NWSA] [ASX: NWS, NWSLV] acquired Move in November 2014, and realtor.com® quickly
established itself as the fastest growing online real estate
service provider as measured by comScore.
As the official website of the National Association of
REALTORS®, consumers know they can look to realtor.com® for
the most comprehensive and accurate information anytime,
anywhere. With relationships with nearly 800 multiple listing
services (MLS), realtor.com® has more than 3 million for-sale
listings, which account for more than 97 percent of all MLS-listed
for-sale properties. More than 90 percent of the listings are
updated every 15 minutes. Move's network of websites provides
consumers a wealth of innovative tools,
including Doorsteps®, Moving.com™,
SeniorHousingNetSM and others. Move supports real
estate professionals by providing many services to grow their
businesses in an increasing digital, on-demand world,
including ListHub™, the nation's leading listing syndicator
and centralized intelligence platform for the real estate
industry; TigerLead®;Top Producer® Systems;
and FiveStreetSM and Reesio as well
as many free services.
Forward-Looking Statements
This document contains
certain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are based on management's views and assumptions regarding future
events and business performance as of the time the statements are
made. Actual results may differ materially from these expectations
due to changes in global economic, business, competitive market and
regulatory and other factors. More detailed information about these
and other factors that could affect future results is contained in
News Corp's filings with the Securities and Exchange Commission.
The "forward-looking statements" included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any "forward-looking statements" to
reflect subsequent events or circumstances, except as required by
law.
Media Contact:
Janice McDill
Office: (408) 558-4620
Mobile: (312) 307-3134
Janice.McDill@move.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/move-inc-responds-to-zillow-ceos-comment-on-cnbc-300219773.html
SOURCE Move, Inc.