Rightmove Rejects Rupert Murdoch's REA Group's Third Bid Valued at £6.1 Billion
2 minutes ago
- Rightmove declined REA Group's £6.1 billion bid, considering it undervalued.
- REA Group has until September 30 to submit a new offer for Rightmove.
- Rightmove's board advises shareholders to reject takeover offers.
- This is REA's third attempt; each bid has slightly increased.
- REA's attempts are viewed as opportunistic by Rightmove.
- Rightmove remains the top UK property portal despite competition.
- REA Group is majorly owned by Murdoch's News Corp.