Murdoch's REA Group Makes Fourth £6.2bn Bid for Rightmove

The latest offer comes ahead of a September 30 deadline, urging Rightmove's board to engage in talks.

REA Group, controlled by Rupert Murdoch's News Corp, has increased its bid for Rightmove to £6.2 billion, up from £6.1 billion earlier this week.
This marks the fourth offer from REA, following previous bids of £5.6 billion and £5.9 billion, all of which were rejected by Rightmove.
Rightmove, the UK's largest online property portal, has consistently deemed the offers as undervaluing the company.
REA's latest proposal includes 346p in cash, 0.0417 new REA shares per Rightmove share, and a special dividend of 6p per share.
With the deadline approaching, REA has appealed directly to Rightmove's shareholders to support the deal, citing potential growth and a secondary listing on the London Stock Exchange.