REA News: Rightmove rejects £6.1bn takeover move by Rupert Murdoch’s REA - 25th Sep 2024, 5:01pm

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Rightmove has rejected a £6.1 billion takeover deal from Rupert Murdoch’s REA Group.

The Australian suitor, which is majority-owned by the tycoon’s News Corp group, tabled its third approach for the London-listed online property platform business on Monday.

The deal saw it put forward a 770p-a-share proposal, having seen its initial move, valuing the company at about £5.6 billion, rejected earlier in the month.

On Wednesday, Rightmove bosses unanimously rejected the latest app...

>>> Read more: Rightmove rejects £6.1bn takeover move by Rupert Murdoch’s REA
 
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