The legal tensions are escalating between Zillow and News Corp.-owned Move Inc. And with good reason. There’s a lot of money at stake. In its fourth quarter earnings report this week, Zillow’s profits fell short of expectations, after the Seattle online real estate company spent $ 8.1 million on an ongoing lawsuit with Rupert Murdoch’s News Corp., which in 2014 acquired Move Inc. In a SEC filing on Friday, Zillow said that legal costs related to the Move Inc. litigation mounted to $ 27.1 million last year. And those expenses are expected to go up in 2016, reaching an eye-popping $ 36 million. That’s a… Read More
GeekWire
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