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Rupert Murdochâs REA Group has abandoned its pursuit of British rival Rightmove after its last takeover approach worth £6.2 billion was rejected.
Australian firm REA, which is majority-owned by the tycoonâs News Corp group, confirmed it will not make a firm offer for Rightmove, sending shares in the FTSE 100 listed property portal slumping by 7%.
REA hit out at Rightmove, saying it was âdisappointedâ with the level of engagement from the firmâs board.
It claimed th...
>>> Read more: Rightmove suitor REA walks away from bid after £6.2bn approach rebuffed
Australian firm REA, which is majority-owned by the tycoonâs News Corp group, confirmed it will not make a firm offer for Rightmove, sending shares in the FTSE 100 listed property portal slumping by 7%.
REA hit out at Rightmove, saying it was âdisappointedâ with the level of engagement from the firmâs board.
It claimed th...
>>> Read more: Rightmove suitor REA walks away from bid after £6.2bn approach rebuffed
