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Housing

Rightmove rejects sweetened offer and walks away

Rightmove’s Australian suitor has abandoned takeover discussions after its sweetened £6.2billion offer was rejected. REA Group confirmed Monday afternoon that it had withdrawn its interest in purchasing the property search site, just hours…

Rightmove rejects a £6bn Takeover Offer

Rightmove's directors have rejected a better takeover bid from an Australian competitor, who valued the online property portal in £6 billion. The FTSE100 company stated that the offer by REA Group valued its shares at $759 per share and…

Rightmove considers sweetened Rea Group Offer

Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers. Rea Group’s latest indicative offer - 341p cash and 0.0422 Rea shares - values the UK's property…