REA News: REA Group considers making offer to buy Rightmove - 2nd Sep 2024, 5:41pm

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Australia’s 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 Murdoch’s News Corp, said in a statement on Monday that there are “clear similarities” between the companies, which have “highly aligned cultural values”.

Rightmove shares rose as much as 25% in early trading, boosting its market value by more than £1 billion.

Rightmove is the UK’s ...

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