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Murdoch’s REA Group knocked back by UK property portal Rightmove a second time: reports

Pelican Press

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Murdoch’s REA Group knocked back by *** property portal Rightmove a second time: reports

*** property portal Rightmove has rejected a second takeover offer from Murdoch-backed REA Group, according to people familiar with the matter.

The *** firm views the sweetened bid of nearly 750 pence a share, or about £5.9 billion ($11.5b) in total, as undervaluing the company, the people said, asking not to be identified because the matter is private.



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#Murdochs #REA #Group #knocked #property #portal #Rightmove #time #reports

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