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Article: Big online real estate service is getting bigger
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- November 5, 2000
- Author:
CopyrightCopyright 2000 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Big online real estate service is getting bigger
By ROBERT MONROE
Los Angeles Daily News
Sunday, November 5, 2000
Thousand Oaks, Calif. -- The country's largest online real estate
services site got even bigger last month as Homestore.com announced
its purchase of Move.com from bricks-and-mortar real estate titan
Cendant.
Cendant will get 26.3 million shares of Homestore.com common stock
in a deal worth $761 million. Homestore's share of online real estate
traffic will reach nearly half the total viewership, based on unique
user visits rated by Internet analysis firm Media Metrix. There were
9 million visits to real estate Web sites last month.
"You're combining the biggest offline resource ...