Rupert Murdoch-owned firm REA makes £5.6bn offer for Rightmove
by Mark Sweney from World news | The Guardian on (#6QMNG)
Board rejects non-binding indicative proposal of 705p a share for UK's biggest online real-estate portal
REA, the Australian property company majority-owned by Rupert Murdoch's News Corp, has made a 5.6bn offer for Rightmove, the UK's biggest online real-estate portal.
The Rightmove board rejected the 705p a share offer, worth 18.6% of the enlarged company post-deal, which comes a week after REA confirmed it was considering a cash and share offer for Rightmove.
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