Loading...
Market
Will REA Group make another takeover bid for Rightmove by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Public announcements, news reports, or official statements from REA Group or Rightmove
Story
Rightmove Rejects Fourth £6.2 Billion Takeover Offer from Murdoch's REA Group, REA Withdraws Bid
Sep 30, 2024, 06:09 AM
Rightmove has rejected a £6.2 billion ($8.3 billion) takeover offer from Rupert Murdoch's REA Group. This marks the fourth attempt by the Australian online property advertising business to acquire the UK-based property portal. Despite increasing its offer from a previous £6.1 billion bid, Rightmove's board deemed the proposal unattractive and undervaluing the company. The offer included a 40% premium over Rightmove's share price. Following the rejection, REA Group has decided to withdraw its bid for Rightmove. Rightmove considered shareholder views and noted the incremental approach to price discovery.
View original story
Similar markets
Yes • 50%
No • 50%
Less than £5.5 billion • 25%
£5.5 billion • 25%
More than £5.5 billion but less than £6 billion • 25%
£6 billion or more • 25%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Acquisition completed • 25%
Acquisition abandoned • 25%
Acquisition delayed • 25%
Other outcome • 25%
Another company makes an offer • 33%
Only KKR and Bain Capital remain • 33%
No further offers • 34%
