Rupert Murdoch-owned property company REA in talks with Rightmove

Rupert Murdoch-owned property company REA in talks with Rightmove

Rightmove, Rupert Murdoch, Business, UK news, Property, News Corporation, Media business Business | The Guardian

​The proposal, which does not constitute a formal offer, reportedly values the real-estate portal at more than £5.5bnREA, the Australian property company majority-owned by Rupert Murdoch’s News Corp, has started talks with Rightmove, the UK’s biggest online real-estate portal.The initial proposal, which does not constitute a formal offer, is reportedly in the low-700p a share range, which would value the firm at more than £5.5bn. Continue reading… 

The proposal, which does not constitute a formal offer, reportedly values the real-estate portal at more than £5.5bn

REA, the Australian property company majority-owned by Rupert Murdoch’s News Corp, has started talks with Rightmove, the UK’s biggest online real-estate portal.

The initial proposal, which does not constitute a formal offer, is reportedly in the low-700p a share range, which would value the firm at more than £5.5bn.

Continue reading… 

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