An Australian company owned by Rupert Murdoch's News Corp has launched its third attempt to buy UK property website Rightmove. The REA Group of property sites announced on Monday it had upped its offer for Rightmove to £6.1bn.

591458588

RTÉ

Ireland

Australia's REA sweetens offer 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.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

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

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

Hindustan Times

HT Media

New Delhi

Delhi

India

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

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.

Government of Ireland

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

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

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.

Sky News UK

Roberts family

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

The improved offer would see REA Group pay a 9.2% higher price than the one it originally offered to pay in its Sept. 5 bid

MarketWatch

Murdoch family

United States

News Corp’s REA submits improved $8.1 billion bid for U.K.’s Rightmove

Australian property group REA has upped its takeover bid for Rightmove to £6.1bn, saying it is “genuinely disappointed” with the lack of engagement from the company so far.  Earlier this month, Rightmove snubbed a £5.6bn offer from Rupert Murdoch-owned REA, saying it was “wholly opportunistic” and undervalued the British property portal. On Friday, the Rupert Murdoch-controlled Australian property group REA sweetened its proposed offer for Right…

City AM

REA raises Rightmove bid to £6.1bn as it slams 'lack of engagement'

Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound (US$8.12 billion) offer on Monday after its two previous offers were rejected.
© New Straits Times Press (M) Bhd

New Strait Times

Media Prima

Malaysia

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

Rolling coverage of the latest economic and financial news, as Australia’s REA Group sweetens its bid for Rightmove again
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
When bidding for property, it’s important not to take no for an…

BizToc

REA Group makes third offer to buy Rightmove, worth £6.1bn – business live

AUSTRALIAN property listing firm REA Group said on Monday that Britain’s largest real estate portal Rightmove had rejected its sweetened £6.1 billion (S$10.5 billion) cash-and-stock takeover offer.

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

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics