Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn
by Mark Sweney from World news | The Guardian on (#6QWY3)
About 300m added to deal for UK's biggest online real-estate portal after first proposal unanimously rejected
The Rupert Murdoch-controlled Australian property group REA has upped its proposed offer for Rightmove, the UK's biggest online property portal, to 5.9bn.
REA, in which Murdoch's News Corporation has a 61% stake, has sweetened its initial proposal by about 300m after Rightmove's board last week unanimously rejected the first offer as fundamentally undervaluing" the company.
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