Rea Group

REA’s decision to walk away from making a formal offer for Rightmove ahead of a 1600 GMT deadline capped a month-long saga that saw the London-listed firm rebuff four proposals on valuation concerns.

Murdoch’s REA ends month-long takeover pursuit of Britain’s Rightmove

RIGHTMOVE’S shares dropped 8 per cent on Monday (Sep 30) after Rupert Murdoch’s REA Group ended its US$8.29 billion takeover pursuit following a fourth bid rejection from the British real estate porta...

Rightmove has maintained steady revenue growth in recent years and its future prospects are looking bright as the UK housing market is expected to pick up.

Property

UK's Rightmove rejects US$8.2 billion sweetened bid from Australia's REA Group

It says the increased bid was still “unattractive”

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