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By Aby Jose Koilparambil
(Reuters) -Rightmove's shares dropped 8% on Monday after Rupert Murdoch's REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal.
Australian property listing firm 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.
Rightmove's shares, which had rallied 20% si...
>>> Read more: Murdoch's REA ends month-long takeover pursuit of Britain's Rightmove
(Reuters) -Rightmove's shares dropped 8% on Monday after Rupert Murdoch's REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal.
Australian property listing firm 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.
Rightmove's shares, which had rallied 20% si...
>>> Read more: Murdoch's REA ends month-long takeover pursuit of Britain's Rightmove
