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Homestore acquires move.com.


Homestore.com, Inc. and Cendant Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. Although the company was based out of New York City, the majority of Cendant's headquarters employees were located in Parsippany-Troy Hills,  Corporation recently announced that they have signed a definitive agreement for Homestore.com to acquire Cendant's Internet real estate "Internet Real Estate" is a popular buzzword that has two different definitions.

First, "Internet Real Estate" can be used to describe the use of the Internet to promote, advertise, and view commercial and residential real estate for lease or purchase.
 portal, move.com, extending one the largest and most comprehensive wired marketplaces for home and real estate-related products and services. The combined entity will offer a wide choice and selection for consumers and professionals alike.

The transaction combines the Internet's two web sites in the home and real estate category under the Homestore.com brand. Acquired assets to be integrated into Homestore.com's family of web sites include Cendant's move.com, apartment locator Rent Net, direct marketing company Welcome Wagon Noun 1. welcome wagon - a wheeled vehicle carrying information and gifts from local merchants for new residents in an area
wheeled vehicle - a vehicle that moves on wheels and usually has a container for transporting things or people; "the oldest known wheeled
, and other move.com web sites. The transaction also ensures that Homestore.com's web site REALTOR Realtor

In the United States a designation used to describe a member of the National Association of Realtors (NAR).

Notes:
The term "realtor" is a registered trademark and encompasses agents, brokers and associates who are members of a real-estate firm associated with
.com will have exclusive 40-year access to the aggregated listings of Cendant Corporation's CENTURY 21, COLDWELL BANKER, and ERA national real estate franchises and includes an agreement by Cendant to purchase Homestore.com's technology and web-based marketing products and vertical ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja).  solutions.
COPYRIGHT 2000 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Nov 8, 2000
Words:162
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