Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.  
Rightmove has urged Australia’s REA to make a “best and final” offer after rejecting the latest proposal from the platform majority owned by Rupert Murdoch’s News Corp, which valued it at £6.2bn. The FTSE 100 UK property group said on Monday it had consulted “the full spectrum of its shareholder base” and held meetings w…

RTÉ

Ireland

Rightmove rejects fourth proposal from Murdoch-owned REA

The FTSE 100 listed property portal called on REA to make its ‘best and final proposal’ by 5pm on Monday to end ‘disruptive’ uncertainty.

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The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

Rightmove rejects latest £6.2bn takeover approach from REA

The UK-listed property portal said the latest approach from the Australian company, which was made on Friday, 'remains unattractive and continues to materially undervalue Rightmove and its future prospects'

Daily Mirror

Reach plc

Rightmove rejects latest £6.2bn takeover bid from Rupert Murdoch's REA Group

British real estate portal Rightmove has today rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group, saying the fourth bid still undervalued the company.

Government of Ireland

Shropshire Star

MNA Media

Ketley

Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

FTSE 100 Live: Rightmove rejects REA, Aston Martin shares slide on earnings downgrade

REA Group says its ability to continue the chase was hampered by a lack of engagement from Rightmove, which had declared that its offers to date had undervalued the business and its prospects.

Sky News UK

Roberts family

Murdoch-owned firm ends Rightmove takeover interest

Express & Star

Wolverhampton

West Midlands

The Australian Rea Group, controlled by Rupert Murdoch's News Corp empire, has abandoned its attempt to acquire Rightmove, the largest online real estate portal in the United Kingdom, after having its fourth offer submitted, worth 6.2 billion pounds (7.4 billion euros) rejected. In a note, the group stated that it did not want to make a formal proposal before the deadline of this afternoon (at 16 local time) set in accordance with the regulation…

L'australiano Rea Group, controllato dall'impero News Corp di Rupert Murdoch, ha abbandonato il tentativo di acquisizione di Rightmove, il maggiore portale immobiliare online del Regno Unito, dopo essersi visto respingere la quarta offerta presentata, da 6,2 miliardi di sterline (7,4 miliardi di euro). In una nota il gruppo ha dichiarato di non voler fare una proposta formale prima della scadenza di oggi pomeriggio (alle 16 ora locale) fissata i…

Rea Group rinuncia all'acquisizione di Rightmove

Quotidiano Nazionale

Italy

Rea Group renounces the acquisition of Rightmove

RIGHTMOVE has “unanimously rejected” a fourth offer from Australia’s Rea Group, less than a week after the UK’s largest online property…

The Herald Scotland

Gannett

Scotland

Rightmove rejects £6.2bn takeover offer by Murdoch-backed real estate group

Property platform Rightmove has rejected the fourth takeover offer from Rupert Mudroch’s REA. After rejecting REA’s third offer for “materially undervaluing” the company, London-listed Rightmove has said the £6.2bn offer “remains unattractive”.  “The board has unanimously concluded that the latest proposal is unattractive and materially undervalues Rightmove,” the company said. “Shareholder interests would be better served through the execution …

City AM

Rightmove rejects fourth REA bid as 'unattractive and undervaluing' firm

Rupert Murdoch

News Corp

Financial Times

New Strait Times

Barron's

Jingletree

upday

Great Yorkshire Radio

khbrknews

business-live.co.uk

Macau Business

perspectivemedia.com

easterneye.biz

Share Talk

Mortgage Strategy

News Concerns

The Negotiator

Mortgage Finance Gazette

Rightmove calls for ‘best and final’ offer after rejecting REA bid - Business Fast

Rightmove calls for ‘best and final’ offer after rejecting REA bid - Business Fast

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