Rightmove rejects £5.6bn from Rupert Murdoch-owned REA Group
Source: BBC
Property listing website Rightmove has rejected a takeover approach from a rival Australian site backed by Rupert Murdoch.The £5.6bn offer from REA Group, which is majority-owned by Mr Murdoch's News Corporation, was described by Rightmove's board as "wholly opportunistic".In a statement on Wednesday, they said REA Group had "fundamentally undervalued Rightmove and its future prospects".The rejection is another…
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