Murdoch's REA ends month-long takeover pursuit of Britain's …
WEB3 days ago · The latest proposal by REA Group, which is 62% owned by Murdoch's News Corp , opens new tab, consisted of 346 pence in cash, 0.0417 new REA shares and a special dividend of 6 pence in cash. That ...
Morningstar trims fair value estimate on REA Group
WEB1 day ago · The news: Morningstar has trimmed its fair value estimate on REA Group shares after the property listing firm abandoned its takeover bid for UK’s Rightmove. The numbers: Earlier this week, REA pulled out of its pursuit of the UK property portal after four takeover bids were rejected, with the final offer valuing …
Murdoch's REA Group ends chase for UK's Rightmove
WEB3 days ago · Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers. REA Group said it maintains a “disciplined approach” to mergers and acquisitions and that it ...
Murdoch-Backed REA Group Shares Gain After Rightmove Bid
WEB2 days ago · Shares of Rupert Murdoch-backed REA Group (AU:REA) gained almost 5% after the company announced its official withdrawal from the Rightmove PLC (GB:RMV) acquisition. This came in response to ...
REA Group Withdraws Possible Offer for Rightmove
WEB2 days ago · REA Group, with the backing of majority-owner News Corp has achieved this scale by creating and popularizing the first online listings platform for real estate in Australia, thereby becoming the ...
REA Group Is Preparing to Drop Pursuit of Rightmove, Sources …
WEB3 days ago · September 30, 2024 at 7:06 AM EDT. Save. REA Group Ltd.is preparing to walk away from its pursuit of UK property portal Rightmove Plc, according to people familiar with the matter. The Australian ...
Rightmove rejects latest £6.2bn takeover approach from REA
WEB3 days ago · RPGRY. Rightmove has rebuffed a fourth takeover proposal from Rupert Murdoch’s REA Group worth around £6.2 billion. The UK-listed property portal said the latest approach from the Australian company, which was made on Friday, “remains unattractive and continues to materially undervalue Rightmove and its future prospects”.
REA Abandons Rightmove Pursuit After Latest Rejection
WEB3 days ago · Australia’s REA abandoned its pursuit of U.K. peer Rightmove, which earlier rejected a sweetened $8.29 billion offer by the property-listing giant controlled by News Corp.
Australia's REA rises after walking away from $8.3 billion ... - MSN
WEB(Reuters) - 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 ...
Rightmove rejects REA Group's third offer valued at $8.1 billion
WEBSep 25, 2024 · Rightmove has rejected REA Group's third takeover offer that was submitted on Monday, claiming the Melbourne company's improved GBP6.1 billion ($8.1 billion) bid continues to undervalue its...