Decision comes after UK real estate portal turned down fourth offer from Australian property company
Nils Pratley: The Murdochs just couldn’t afford Rightmove
The Rupert Murdoch-backed real estate company REA Group has abandoned its attempt to take over the website Rightmove after its fourth offer was rebuffed on Monday.
The Australian group majority-owned by Murdoch’s News Corp announced that it had decided not to make a formal bid, hours after Rightmove’s board rejected its £6.2bn proposal made on Friday.
About Author
More Stories
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs
The Trump-Musk feud shows danger of handing the keys of power to one person
Toxic truth? The cookware craze redefining ‘ceramic’ and ‘nontoxic’