Article 6R029 Rightmove rejects third bid from Rupert Murdoch’s REA Group

Rightmove rejects third bid from Rupert Murdoch’s REA Group

by
Jack Simpson
from World news | The Guardian on (#6R029)

Australian company says it is frustrated that UK property website has refused to engage over a deal

Rightmove has rejected a third bid from Rupert Murdoch's REA Group and said the offer was unattractive" and under values the UK's largest online property portal.

On Wednesday Rightmove confirmed that its board had unanimously rejected" the non-binding cash-and-shares offer put forward on Monday, which valued the company at 6.1bn.

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