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(Reuters) - Rupert Murdoch-owned property listings firm REA Group has made an initial takeover offer for Britain's Rightmove, Bloomberg News reported on Tuesday citing people familiar with the matter.
News Corp-backed REA Group had last week announced its interest in buying Rightmove to create a global real estate company. The current market capitalization of Rightmove is about $6.92 billion, making it Britain's largest property portal.
REA has submitted an initial proposal valuing Rightmove a...
>>> Read more: REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports
News Corp-backed REA Group had last week announced its interest in buying Rightmove to create a global real estate company. The current market capitalization of Rightmove is about $6.92 billion, making it Britain's largest property portal.
REA has submitted an initial proposal valuing Rightmove a...
>>> Read more: REA Group makes initial takeover offer for UK property giant Rightmove, Bloomberg News reports
