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Top related persons:
REA - 2 Rightmove - 2 Andrew Fisher - 2 Rupert Murdoch - 1 Rupert Murdoch's - 1 Hamish McLennan - 1 Rightmove's - 1 Rupert - 1
Top related locs:
Reno , Nevada U.S British U.K London Rightmove Melbourne Australia
Top related orgs:
REA Group - 2 Murdoch's News Corp - 2 REA - 2 OnTheMarket - 1 Rightmove - 1 News Corp - 1 U.S - 1

Search resuls for: "Andrew Fisher"


2 mentions found


☆ UK's Rightmove rejects sweetened $8.3 billion bid from Murdoch's REA Group
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: +2 min
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. That gave Rightmove an implied value of 781 pence per share, about a 3% increase over the previous bid. Rightmove said that during the discussions, REA had requested to extend the deadline to allow it to consider a potential fifth proposal. The U.K. company looks primed for a steady recovery from a property market downturn as the potential for more rate cuts boosts sentiment in the U.K. housing sector.
Persons: Rupert Murdoch, Rupert Murdoch's, REA, Rightmove, Andrew Fisher, Hamish McLennan, Rightmove's Organizations: REA Group, Murdoch's News Corp, REA, OnTheMarket Locations: Reno , Nevada, U.S, British, U.K
☆ Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
  + stars: | 2024-09-30 | by ( April Roach | ) www.cnbc.com   time to read: +2 min
LONDON — Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K.'s Rightmove after the property portal rejected a fourth takeover proposal. "We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within the timetable available. Rightmove, meanwhile, said Monday in a separate statement that its board unanimously rejected REA Group's fourth offer proposal on the grounds that it "materially undervalued Rightmove and its future prospects." REA Group, in which News Corp owns a more than 61% interest, operates a number of property websites in Australia, as well as several brands in India and the U.S. The company sold its real estate site PropertyFinder Group to Rightmove rival Zoopla in 2009, during the Global Financial Crisis.
Persons: Rupert, REA, Owen Wilson, Rightmove, REA Group's, It's, Andrew Fisher, Zoopla, Karen Gilchrest Organizations: Rightmove, REA, Murdoch's News Corp, Reuters, REA Group, News Corp, U.S Locations: London, Rightmove, Melbourne, Australia, India
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