Homestore.com to Buy IPlace for $150 Million
Homestore.com Inc., the No. 1 Internet real estate listing company, agreed to buy IPlace Inc. for $150 million in cash and stock from Stamford, Conn.-based MemberWorks Inc.
Langhorne, Pa.-based IPlace offers free online credit checks and a $79.95-a-year credit monitoring service that notifies consumers if derogatory information is added to their credit reports.
Shares of Westlake Village-based Homestore.com fell $2.45 to close at $21.60, while MemberWorks gained $2.06 to $24.10, both on Nasdaq.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
