REA Group, Rightmove
Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
They had nothing to lose by engaging with us," said REA's CEO Owen Wilson.Rightmove, meanwhile, said Monday in a separate statement that its board unanimously rejected REA Group's fourth offer proposal on the grounds that it "materially undervalued Rightmove and its future prospects.
Australia's REA rises after walking away from $8.3 bln takeover offer for UK's Rightmove
Shares of Australia's REA Group rose 4% on Tuesday, after the property listing firm decided to end its $8.29 billion takeover pursuit for Rightmove following a fourth bid rejection from the British real estate portal.
REA Group makes improved offer to buy U.K.’s Rightmove for $8.3 billion
REA Group’s new offer would give Rightmove’s shareholders a “mix and match” facility, that would let them pick a more cash-heavy deal
Rightmove Pushes REA for ‘Best and Final’ Offer Before Deadline
UK property portal Rightmove Plc urged REA Group Ltd. to submit a “best and final proposal” after rejecting the Australian firm’s fourth takeover bid.
Murdoch's REA ends month-long takeover pursuit of Britain's Rightmove
Rightmove's shares dropped 8% on Monday after Rupert Murdoch's REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal.
Murdoch-backed REA Group calls time on Rightmove takeover pursuit
Rightmove shares fell on Monday after the British property website rejected a fourth takeover bid by Australia's REA Group.
Murdoch’s REA Group ends takeover interest in Rightmove
The move comes after Rightmove rejected a fourth takeover bid from REA earlier on Monday (30 September), which valued the UK online property firm at £6.2 billion. The latest rejection came after Rightmove turned down a £6.1 billion bid from REA last Wednesday, which Rightmove said "fundamentally undervalued" the company.
UK's Rightmove to consider sweetened $8.3 billion takeover bid from Murdoch-owned REA Group
By Rishav Chatterjee (Reuters) -UK real estate portal Rightmove will consider a sweetened 6.2 billion pound ($8.29 billion) takeover bid from Rupert Murdoch-owned Australian firm REA Group, it said on Friday,
REA makes fourth offer for Rightmove and repeats call for talks with board
REA said that, based on its own latest share price, its cash and shares offer gave Rightmove shares an implied value of 781p, valuing the company at £6.2bn. Rightmove, which this week dismissed the third offer as “unattractive”,
News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened
Rolling coverage of the latest economic and financial news.   15:15 REA Group has bowed out of the battle for ...
Murdoch’s REA Group Shares Gain on Athena Home Stake Deal
Shares of Rupert Murdoch -owned REA Group (AU:REA) gained over 3% as of writing after announcing a deal to acquire a 19.9% ...
What’s next for REA Group?
REA Group now has the job of finding its next big growth engine after walking away from its $10bn-plus UK target Rightmove, ...
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Rightmove Rejects Latest $8.3 Billion Bid Proposal From REA
Rightmove rejected News Corp-controlled REA Group’sREA0.50%increase; green up pointing triangle fourth proposal, valued at 6.2 billion pounds ($8.29 billion), and called on the company to put ...
REA Stock Rallies After Property Advertiser Withdraws Rightmove Proposal
SYDNEY--REA Group shares rallied after the News Corp-controlled property advertiser abandoned its multi-billion dollar pursuit of U.K. counterpart Rightmove.