News Corp, Move Announce Expiration Of HSR Waiting Period

(RTTNews) - News Corp. (NWS, NWSA) and Move, Inc. (MOVE) said Friday that the required Hart-Scott-Rodino Antitrust waiting period with respect to News Corp's previously announced cash tender offer for Move expired on October 30, without any action having been taken by the United States Federal Trade Commission or the Antitrust Division of the US Department of Justice.

The expiration satisfies the tender offer condition with respect to the expiration of the applicable Hart-Scott-Rodino Antitrust waiting period.

The tender offer continues to be subject to the satisfaction of other customary conditions, including a minimum tender of at least a majority of the outstanding Move shares.

The tender offer and withdrawal rights will expire on November 13, unless extended.

Last month, News Corp agreed to buy online real estate business Move for $21 per share, or about $950 million, through an all-cash tender offer.