News Corporation · NASDAQ:NWS
News — Merger or Acquisition (September 2014)
10 slides from News's merger presentation, Sep 30, 2014
Slide 1: Acquisition of Move, Inc.
Exhibit 99.5 Acquisition of Move, Inc. 30 September 2014
Slide 2: Disclaimer
Disclaimer Forward- Looking Statements This document contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materiall
Slide 3: Transaction Highlights
Transaction Highlights Acquisition of Move (Nasdaq:MOVE), a leading US digital real estate company, for $21.00 per share or approximately $950 million, net, via an all-cash tender offer • Leading online real estate platform serving the needs of both consumers and Realtors® in partnership with the Na
Slide 4: Framing the Opportunity: Large, Growing, and Dynamic US Residential Real Estate Market
Framing the Opportunity: Large, Growing, and Dynamic US Residential Real Estate Market US Residential Real Estate Market ~$14bn Annual Marketing Spend from Agents & Brokers • 1.1 million Realtors® ~$1bn at Move, Zillow, • More than 5 million homes bought / sold per and Trulia annum $1 trillion+ in a
Slide 5: Overview of Move
Overview of Move Key Assets At-A-Glance 2 • A leading platform for consumer search with • $227 million of revenue and $29 million of the most accurate and timely for-sale listings Adjusted EBITDA 3 for the year ended data December 31, 2013 • Highly engaged and transaction-ready • HQ in San Jose, CA
Slide 6: Move's Unique Relationship with NAR
Move’s Unique Relationship with NAR • Move has exclusive and perpetual right to operate realtor.com®, the official site of the National Association of Realtors® (NAR) • NAR supports realtor.com® through its own advertising budget • Long-term platform to support the value that Realtors® provide in th
Slide 7: Move Provides Leading Destinations for Consumers to Find Homes
Move Provides Leading Destinations for Consumers to Find Homes Revenue per Unique Visitor • Move gets listings data directly from $1.86 800 MLSs around the country Competitor 1 $1.24 covering more than 98% of for-sale Competitor 2 $0.97 home listings #1 Source of Leads for Realtors® (%) 9.8 • Over 9
Slide 8: News Corp and REA Uniquely Positioned to Capture Move's Long-Term Opportunity
News Corp and REA Uniquely Positioned to Capture Move’s Long-Term Opportunity • Extensive News Corp marketing resources and reach Broad Reach of 500mm average monthly page views through WSJ Digital Network including MarketWatch1 Media Footprint Nearly 74mm households through News America Marketing 2
Slide 9: Transaction Overview
Transaction Overview Value • Acquisition of 100% of Move for $21.00 / share in cash • Approximately $950 million aggregate net purchase price • Signed acquisition agreement between News Corp and Move to be followed by a tender offer and merger Structure • REA Group (ASX:REA), majority-owned by News
Slide 10: Summary
Summary Large, underdeveloped digital real estate market opportunity in world’s largest market Acquisition of digital platform with unique strategic attributes: listings data, customer software, and NAR relationship News Corp and REA well-positioned and committed to accelerate growth and innovation