The Business Times

Rightmove

Property

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 rejected the last three proposals from REA, saying they undervalued the company.
Reits & Property

News Corp-owned REA sweetens takeover offer for UK's Rightmove to US$8.3 billion

Its new bid is 1.4% higher than its previous offer of 770 pence per share

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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