Rightmove Plc Unsponsored ADR (RTMVY)
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
Rightmove surges 20% as REA mulls offer but 'it could get messy' say analysts
After Rightmove PLC (LSE:RMV) shares jumped 20% on the confirmation from Australia's REA Group (ASX:REA) that it was considering a bid, analyst said the situation could get "messy". The UK online property portal has not yet been approached with a potential bid, the Aussie-listed company said in a statement, adding that it is mulling an offer made up of cash and shares.
Rightmove suitor emerges as Australia's REA Group confirms interest
Rightmove PLC (LSE:RMV) has attracted the interest of Australia's REA Group Limited (ASX:REA), which said today that it is interested in making a cash-and-shares offer for the online property platform. However, the Aussie-listed group said it has not approached, nor had any discussions with Rightmove about this yet.
Property market heating up following interest rate cut, says Rightmove
The recent Bank of England rate cut has led to a significant uptick in property market activity, according to data from Rightmove PLC (LSE:RMV). The property portal has reported a 19% increase in potential buyers contacting estate agents since 1 August, compared to the same period last year.
Rightmove risks OpenRent exit acting as trial run for other agents - analysts
Rightmove PLC (LSE:RMV) and OpenRent's split will provide a useful test case for how letting agents fare by not listing properties on the portal, analysts say. Having failed to agree on contract terms, Rightmove confirmed the letting agent's departure, alongside its roughly 8% share of listings, from the site on Tuesday.
Rightmove assures OpenRent departure won't affect guidance
Rightmove PLC (LSE:RMV) has confirmed it has parted ways with OpenRent and assured that the letting platform's departure from the property portal will not affect guidance this year. After conditions for OpenRent's membership to Rightmove could not be settled, the duo's partnership will expire in early September, Rightmove announced on Tuesday.
