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REA Group Makes Initial £5.5 Billion Offer for Rightmove, Bloomberg News Reports
Sep 10, 2024, 04:59 PM
Australian real estate listing provider REA Group has made an initial takeover offer for the UK property listings giant Rightmove. The offer, valued at £5.5 billion, comes days after REA confirmed its interest in Rightmove, the UK's biggest property portal by market value. This move marks a significant step for REA Group, which is owned by Rupert Murdoch, as it seeks to expand its footprint in the global property market. The news was reported by Bloomberg News on Tuesday.
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