Rightmove may have seen off Murdoch-owned REA’s unsolicited bids for the company, but the saga is likely to set more would-be bidders on the property platform’s tail, analysts have said. Its ...

Rightmove also declined REA an extension to its 30 September ‘put up or shut up’ deadline, as well as access to due diligence as “none of REA’s proposals received to date has been at a ...

Rightmove Plc rejected a third takeover proposal from REA Group Ltd., saying the bid that valued the UK property portal at £6.1 billion ($8.2 billion) continues to be unattractive. The Australian ...

Australian property group REA has upped its takeover bid for Rightmove to £6.1bn, saying it is “genuinely disappointed” with the lack of engagement from the company so far. Earlier this month ...

The final offer would have seen Rightmove shareholders receive 346p in cash and 0.0417 new REA shares implying an offer value of 780 pence based on the closing price of REA on 30 September 2024.

Rightmove rejected the latest bid from News Corp.-controlled REA Group valued at $8.1 billion, saying the offer still materially undervalues the company and its future prospects.

REA, which is majority-owned by the tycoon’s News Corp group, said it put forward a 770p-a-share proposal on September 22 valuing Rightmove at about £6.1 billion.. It comes after REA first ...

Rightmove Plc said it will consider a £6.1 billion ($8.1 billion) sweetened bid from REA Group Ltd., the third proposal in less than three weeks from the Australian property portal.

REA, the Australian property listings portal controlled by Rupert Murdoch’s News Corp, has upped its proposed takeover offer for the UK’s Rightmove to £6.1 billion. The 770p a share proposal ...