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Rightmove has rebuffed a takeover proposal from Rupert Murdochâs REA Group in Australia, valuing the UK online property portal at more than £5 billion.
REA, which is majority-owned by the business magnateâs News Corp, confirmed it had put forward an approach for a cash-and-shares deal, which it said would be worth around 705p a share, valuing Rightmove at about £5.6 billion.
London-listed Rightmove said the takeover proposal âfundamentally undervaluedâ the firm.
Righ...
>>> Read more: Rightmove rejects £5.6bn takeover bid from Rupert Murdochâs REA
REA, which is majority-owned by the business magnateâs News Corp, confirmed it had put forward an approach for a cash-and-shares deal, which it said would be worth around 705p a share, valuing Rightmove at about £5.6 billion.
London-listed Rightmove said the takeover proposal âfundamentally undervaluedâ the firm.
Righ...
>>> Read more: Rightmove rejects £5.6bn takeover bid from Rupert Murdochâs REA
