News Corp in Talks to Sell Real Estate Site for $3 Billion

Rupert Murdoch’s News Corp. is in talks to sell its Move Inc. online real estate business to CoStar Group Inc.

Move is the parent of Realtor.com and other real estate-related websites. The deal is worth about $3 billion, according to people familiar with the matter, who asked not to be identified because the discussions are private. The sale could be announced within days, one of the people said.

News Corp. confirmed the discussions with CoStar in a statement, saying they are part of an ongoing effort to assess opportunities that will maximize shareholder value. A spokesperson for CoStar said ...