Homestore.com to Acquire move.com For $761 Million - TheStreet

Homestore.com

(HOMS)

will acquire

Cendant's

(CD)

Internet real estate portal,

move.com

, in a deal worth about $761 million.

Homestore, Thousand Oaks, Calif., will acquire San Francisco-based move.com for about 26.3 million shares in an all-stock transaction.

Homestore.com will integrate move.com and its related assets including Rent Net, a Web-based rental listing and apartment finder service, into its network. Homestore.com will also have exclusive 40-year access to the listings of Cendant's Century 21, Coldwell Banker and ERA real estate franchises. Cendant has also agreed to purchase Homestore.com's technology and Web-based marketing products and services.

Homestore expects to complete the acquisition within the next six months.