Rightmove plc shares slumped more than 15% in early London trading after the UK’s largest online property portal announced plans to step up investment in artificial intelligence (AI) and rebuild
Rightmove plc shares slumped more than 15% in early London trading after the UK’s largest online property portal announced plans to step up investment in artificial intelligence (AI) and rebuild
Rupert Murdoch’s online property group, REA, which is owned by News Corp, has officially withdrawn from attempting to acquire Rightmove, citing a “lack of meaningful engagement” from the company’s board.
Rightmove PLC (LON: RMV) has decisively turned down a fourth acquisition proposal from Rupert Murdoch’s REA Group. It also declined requests to allow access to its financial records and to
Rupert Murdoch’s Australian property business has made a final takeover bid for Rightmove, intensifying its criticism of the board’s unwillingness to engage.
The UK-based online property portal Rightmove has turned down an improved £6.1bn a third takeover bid from billionaire Rupert Murdoch’s REA Group, stating that the offer undervalued the company.
The Murdoch family’s Australian property company has raised its bid for Britain’s Rightmove in a deal valued at nearly £5.9 billion.
Rightmove is holding firm, having rejected an unsolicited takeover bid from Rupert Murdoch’s REA Group.
Australia’s REA Group, an online property advertising firm majority-owned by Rupert Murdoch’s News Corp, is considering a potential takeover of Rightmove in a deal estimated at around £4.4 billion.