Murdoch's REA Group Makes Third £6.1bn Bid for Rightmove
The Australian property giant's latest offer follows two previous rejections by the UK real estate portal.
- REA Group's new proposal values Rightmove at 770p per share, totaling £6.1 billion.
- Rightmove has described the offer as unsolicited, non-binding, and highly conditional.
- Previous offers of £5.6 billion and £5.9 billion were rejected by Rightmove's board as undervaluing the company.
- REA Group, controlled by Rupert Murdoch's News Corp, has expressed disappointment at Rightmove's lack of engagement.
- Rightmove's board will carefully consider the latest proposal before responding.