Thursday, August 30, 2018

Opcity agrees to $210 million buyout by News Corp.

Ben Rubenstein is close to scoring his second nine-figure exit in a little more than two years. He's CEO of Opcity Inc., a real-estate technology startup in Austin that on Wednesday announced it will soon be acquired by Move Inc. for $210 million. Move runs Realtor.com and is a subsidiary of News Corp. (Nasdaq: NWS). In fiscal 2018, Move's revenue was $452 million — nearly double what it was in 2014 when the company was acquired by News Corp. No date was given for when the deal is expected to…

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