Published 09/23/2024 11:56:00 a.m.

Rightmove to 'carefully consider' third bid by Murdoch-owned firm

An Australian company owned by Rupert Murdoch's News Corp has made its third attempt to buy UK property website Rightmove.
Previous offers to acquire Rightmove, valued at £5.6 billion, were rejected for undervaluation.
Rightmove described the latest offer as "unsolicited, non-binding and highly conditional" and will "carefully consider" it with financial advisers.

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The Independent

Australia’s REA ups takeover approach for Rightmove to £6.1bn

REA, which is majority-owned by Rupert Murdoch’s News Corp, said it was ‘genuinely disappointed’ that Rightmove’s board has not yet engaged.

09/23/2024 9:06:39 a.m.·London, United Kingdom

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Hindustan Times

Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion

Britain's housing market is triple the size of Australia's, according to analysts, and a deal would allow REA to expedite its international growth plans

09/23/2024 5:51:26 a.m.·New Delhi, India

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RTÉ

Australia's REA sweetens offer for Rightmove to £6.1bn

Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new £6.1 billion offer after its two previous offers were rejected.

09/23/2024 6:27:09 a.m.·Ireland

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Evening Standard

FTSE 100 Live: Rightmove bidder ups offer, PMI economic activity figures due

09/23/2024 7:59:22 a.m.·London, United Kingdom

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Sky News UK

Rightmove to 'carefully consider' third bid by Murdoch-owned firm

REA Group said it was "genuinely disappointed at the lack of engagement" by Rightmove as it upped the amount of money on offer and said it had improved the terms for current shareholders.

09/23/2024 9:10:00 a.m.·United Kingdom

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