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The Guardian

Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn

The Guardian by wa-news on The Guardian 7 views

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About £300m added to deal for UK’s biggest online real-estate portal after first proposal unanimously rejected The Rupert Murdoch-controlled Australian property group REA has upped its proposed offer for Rightmove, the UK’s biggest online property portal, to £5.9bn.REA, in which Murdoch’s News Corporation has a 61% stake, has sweetened its initial proposal by about £300m after Rightmove’s board last week unanimously rejected the first offer as “fundamentally undervaluing” the company. Continue reading…

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Source link : https://www.theguardian.com/business/2024/sep/20/rupert-murdochs-rea-group-ups-offer-for-rightmove-to-59bn

Author : Mark Sweney

Publish date : 2024-09-20 23:41:01

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Tags : The Guardian

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