Davis Polk advised Morgan Stanley & Co. LLC as initial purchaser in connection with a Rule 144A offering by Move, Inc. of an aggregate principal amount of $100 million of its 2.75% convertible senior notes due 2018.
Headquartered in San Jose, California, Move, Inc. is the leader in online real estate and operates: realtor.com, the official website of the National Association of Realtors; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub, the leading syndicator of real estate listings; Moving.com; SeniorHousingNet; SocialBios; Doorsteps; TigerLead; and TOP PRODUCER Systems.
The Davis Polk corporate team included partner Bruce Dallas and associates Jeffrey Gould and Siyu Jiang. The tax team included partner Lucy Farr and associate Catherine Paskoff Chang. Associates Bruce Rose-Innes and Julian Russo provided intellectual property advice. Katie Young was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices..