Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn

FREE ROAS Calculator! for businesses. World's easiest FREE ROAS Calculator. Calculate your AD spending budget, profits, and losses in advance. Don't miss out on maximizing your returns!

Calculate Now

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.

Continue reading...