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Australiaâs REA Group has said it is mulling a takeover offer for Rightmove in a deal which could be worth about £4.36 billion.
REA Group, which is majority-owned by Rupert Murdochâs News Corp, said in a statement on Monday that there are âclear similaritiesâ between the companies, which have âhighly aligned cultural valuesâ.
Rightmove shares rose as much as 25% in early trading, boosting its market value by more than £1 billion.
Rightmove is the UKâs ...
>>> Read more: REA Group considers making offer to buy Rightmove
REA Group, which is majority-owned by Rupert Murdochâs News Corp, said in a statement on Monday that there are âclear similaritiesâ between the companies, which have âhighly aligned cultural valuesâ.
Rightmove shares rose as much as 25% in early trading, boosting its market value by more than £1 billion.
Rightmove is the UKâs ...
>>> Read more: REA Group considers making offer to buy Rightmove