News Corp Will Leave ‘Unkempt Gardens’ to Zillow

Inman: “Our aim is to be a genuine digital marketplace, not to have any vested interest that might complicate that,” said News Corp CEO Robert Thomson. “As you know, with house flipping, Zillow is renovating homes.” Zillow has disputed the notion that it’s in the business of flipping homes. But the heart of what Thomson is saying is that News Corp’s Realtor.com would not be joining the capital-intensive iBuying space.