Murdoch-Backed REA Group Shares Gain
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.
Murdoch-Backed REA Group Shares Gain After Rightmove Bid Withdrawal
Shares of Rupert Murdoch-backed REA Group ($AU:REA) gained almost 5% after the company announced its official withdrawal from the Rightmove PLC
Murdoch’s REA Withdraws Pursuit of Property Site Rightmove
Shares of Rightmove Plc slid the most in almost a year after REA Group Ltd., whose four takeover proposals in less than a month were rebuffed by the British property portal, walked away from its pursuit of the London-listed firm.
UK’s Rightmove rejects £6.2 billion takeover bid from Murdoch-backed REA group
Rightmove, the UK’s leading real estate portal, has firmly rejected a £6.2 billion takeover bid from REA Group, the Australian property giant backed by Rupert Murdoch’s News Corp. This latest bid marks REA’s fourth attempt to acquire the company,
Rightmove Turns Down REA Group’s Third Bid in Acquisition Saga
Rightmove PLC (GB:RMV) has turned down the third bid from Rupert Murdoch-owned REA Group (AU:REA) amid the ongoing acquisition saga. The company stated that the new and better offer from REA still undervalues Rightmove and is unattractive.
Rightmove Piles Pressure on REA for ‘Best’ Offer; Shares Dip
UK property portal Rightmove Plc urged REA Group Ltd. to submit its “best and final proposal” after rejecting the Australian firm’s fourth takeover bid in less than a month.
Rightmove Rejects Third Bid From REA Group Valued at $8.1 Billion
Rightmove rejected the latest bid from News Corp.-controlled REA Group valued at $8.1 billion, saying the offer still materially undervalues the company and its future prospects.
Rupert Murdoch’s REA abandons pursuit of Rightmove
REA, the Australian property platform controlled by Rupert Murdoch’s News Corp, has abandoned its pursuit of the UK’s biggest listing website Rightmove, after its latest £6.2bn bid was rebuffed. Rightmove’s shares were down by about 7 per cent on Monday afternoon after REA walked away,
Rightmove to Consider New £6.1 Billion Bid From REA Group
Rightmove Plc said it will consider a £6.1 billion ($8.1 billion) sweetened bid from REA Group Ltd., the third proposal in less than three weeks from the Australian property portal.
Murdoch ally blasts Rightmove as takeover bid fails
A leading executive at Rupert Murdoch's business empire blasted Rightmove yesterday for hampering a multi-billion pound takeover approach.
Rightmove still in play after REA walks away analysts say
Rightmove may have seen off Murdoch-owned REA’s unsolicited bids for the company, but the saga is likely to set more would-be ...
Rightmove rejects REA Group’s third offer valued at $8.1 billion
Rightmove has rejected REA Group’s third takeover offer that was submitted on Monday, claiming the Melbourne company’s ...
REA Group Tables Fourth $8.3 Billion Bid for Rightmove, Urges Board to Engage
News Corp-controlled REA Group has made a fourth proposal to buy British peer Rightmove for roughly $8.3 billion in cash and shares, and urged its board to enter into talks.