Rightmove Plc Unsponsored ADR (RTMVY)
News Corp's REA gives up on pursuit of Rightmove after four rejections
After four rejections, Australia's REA on Monday finally gave up its pursuit of Britain's Rightmove.
'Disappointed' REA walks away from Rightmove bid
Rupert Murdoch's REA group has fired a bitter parting shot at the board of Rightmove PLC (LSE:RMV) after dropping its takeover approach following the rejection of a fourth offer for the online estate agent. In a statement, REA said the proposed combination would have provided Rightmove shareholders the opportunity to meaningfully participate in a fast-growing, diversified, global leader while "receiving value certainty in an operating environment challenged by increased market competition".
Rupert Murdoch's property group REA ends chase to buy Rightmove after multiple rejected offers
Rupert Murdoch's Australian property listing firm REA Group said Monday it would no longer seek to buy UK property portal Rightmove.
Australia's REA Group withdraws bid for British real estate portal Rightmove
Rupert Murdoch-owned Australian property listing firm REA Group said on Monday it is dropping its pursuit of real estate portal Rightmove after the UK company rejected its sweetened $8.29 billion fourth proposal earlier in the day.
Rightmove officially rejects fourth bid from Murdoch's REA
Rightmove PLC (LSE:RMV) has unanimously rejected a fourth takeover offer from Rupert Murdoch's REA Group. Its fellow property portal lodged the potential offer on Friday, which the Aussie company said had been rejected, leading it to plead/demand that the UK market leader must "engage now".
Rightmove bidder REA is stuck between a rock and a hard place - analyst
Rightmove PLC (LSE:RMV)'s unbudging unwillingness to accept the four offers tabled by Rupert Murdoch's REA Group is the right course for management to take, reckon Peel Hunt analysts. Rightmove rebuffed REA's fourth bid at a £6.2 billion valuation on Friday, leaving REA with little hope of getting a deal over the line before 30 September deadline.
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 urged to ‘engage now' bidder REA ramps up hostilities
Murdoch-owned REA Group has tabled yet another bid for Rightmove PLC (LSE:RMV), marking the fourth effort to secure a deal to acquire the FTSE 100-listed property portal. This new proposal values Rightmove at £6.2 billion, a £100 million improvement on the last rejected offer.
Australia's REA sweetens takeover bid for Britain's Rightmove to $8.29 bln
Australia's REA Group on Friday sweetened its takeover offer for British real estate firm Rightmove and valued it at 6.2 billion pounds ($8.29 billion) after the UK firm rejected three buyout offers previously.
Rightmove rejects REA Group's third offer valued at $8.1 billion
Rightmove, the U.K.'s largest property listings website, has rejected REA Group's most recent takeover offer
Murdoch's REA Group ‘frustrated' by third Rightmove rejection
Rupert Murdoch-owned REA Group has expressed frustration with Rightmove PLC (LSE:RMV)'s refusal to play ball with the numerous takeover offers for the FTSE 100-listed property portal. REA said it is “disappointed” by the latest rejection from Rightmove and “is frustrated that, save for the rejection of REA's three previously disclosed proposals, REA has still had no substantive engagement with Rightmove”.
Rightmove rejects third bid from Murdoch's REA Group
Rightmove PLC (LSE:RMV) has rejected the third offer from Rupert Murdoch's REA Group, saying it "continues to be unattractive and materially undervalues the company and its future prospects". Made up of 341p in cash and 0.0422 new REA shares per Rightmove share, the latest bid from the Australian property portal owner implied an offer value of 759p, Rightmove pointed out.
