Wednesday, March 4, 2009

FW: Inman AM: Code name 'Waterfall': Move's play for ActiveRain

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Phone: 407-227-6263
Fax: 866-269-5994
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Wednesday, March 04, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: Code name 'Waterfall': Move's play for ActiveRain

 

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Wednesday, March 04, 2009

Code name 'Waterfall': Move's play for ActiveRain
When Move Inc. executives met with ActiveRain Corp.'s founders two years ago at an industry conference in New York City, they walked away thinking the real estate blogging and social networking site might be worth as much as $50 million in two years.

But in the weeks that followed, negotiations between the companies fell apart, and ActiveRain ended up suing its former suitor. The lawsuit claimed that for four months, ActiveRain was barred from shopping for other partners -- even as Realtor.com operator Move Inc. was working to build its own competing site ... CONTINUED

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