Movoto’s Tokyo-based buyer intends to make it the No. 1 online real estate service in the U.S.

A Tokyo-based company that operates real estate portals in Japan and China has purchased Movoto, and intends to catapult the San Mateo, Calif.-based referral site and brokerage into the same league as Zillow, Trulia and realtor.com. Recruit Holdings Company Ltd. ...