Rightmove Plc Unsponsored ADR (RTMVY)
Britain's Rightmove rejects $8.1 bln sweetened bid from Australia's REA Group
British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group , saying the bid undervalued the company.
Murdoch's REA ups offer for property website Rightmove
REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.
Rightmove: Is Rupert Murdoch's REA Group ready to go hostile?
Rupert Murdoch's REA Group may be gearing up for a hostile takeover of its UK rival, Rightmove PLC (LSE:RMV), after taking a firmer stance with its third bid. REA tabled a 770p cash and stock offer, expressing disappointment over Rightmove's lack of engagement.
News Corp's REA submits improved $8.1 billion bid for U.K.'s Rightmove
The improved offer would see REA Group pay a 9.2% higher price than the one it originally offered to pay in its Sept. 5 bid
Rightmove receives third bid from 'genuinely disappointed' REA Group
Rightmove PLC (LSE:RMV) has received a second revised offer from Murdoch-owned REA Group valuing the property portal at approximately £6.1 billion. This marks the third approach made by REA, following an initial proposal on 5 September at 705p per share and a revised offer on 16 September at 749p per share.
Britain's Rightmove rejects REA's sweetened $8.1 bln takeover offer
Australian property listing firm REA Group said on Monday Britain's largest real estate portal Rightmove had rejected its sweetened 6.1 billion pounds ($8.12 billion)cash-and-stock takeover offer.
Rightmove's rejected £5.6bn Murdoch bid higher than expected - analysts
Though Rightmove PLC (LSE:RMV) rejected a £5.6 billion bid from Rupert Murdoch's REA Group, analysts have been quick to note this was higher than anticipated. Jefferies brokers said the offer, which REA stated on Wednesday equated to 705p per Rightmove share, included a larger cash component than was expected.
News Corp's REA says $7.3 billion bid for Rightmove was rejected
News Corp-controlled REA Group will have to sweeten the deal if it is to bring together two of the English-speaking world's dominant real-estate listing websites, after U.K. counterpart Rightmove rebuffed its initial $7.32 billion approach.
Rightmove rejects takeover offer from Murdoch's REA Group
Rightmove PLC (LSE:RMV) directors have rejected an offer of 698p per share from Rupert Murdoch's REA Group. Australia-based REA, which revealed last week that it was considering an offer, proposed a deal involving 305p of cash and 0.0381 new shares for each Rightmove share.
News Corp-Backed REA Considers Deal for Rightmove. What's Behind the Move.
Rightmove shares rose 24% in London, valuing the company at about £5.4 billion, or $7.1 billion.
Rupert Murdoch's property group considers bid for UK's Rightmove, sending shares 23% higher
Rupert Murdoch-owned REA Group said Monday that it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property business said it saw the potential acquisition as a "transformational opportunity" and cited "clear similarities" between the two firms.
Rupert Murdoch's REA Group mulls bid for U.K. property listing giant Rightmove
Rightmove shares surge 20% on interest from Murdoch-owned Aussie peer REA Group
