UK's Rightmove to consider sweetened $8.3 billion takeover bid from Murdoch-owned REA Group
By Rishav Chatterjee (Reuters) -UK real estate portal Rightmove will consider a sweetened 6.2 billion pound ($8.29 billion) takeover bid from Rupert Murdoch-owned Australian firm REA Group, it said on Friday,
REA Group Tables Fourth $8.3 Billion Bid for Rightmove, Urges Board to Engage
News Corp-controlled REA Group has made a fourth proposal to buy British peer Rightmove for roughly $8.3 billion in cash and shares, and urged its board to enter into talks.
Australia's REA Sweetens Takeover Bid for Britain's Rightmove to $8.29 Billion
Australia's REA Group on Friday sweetened its takeover offer for British real estate firm Rightmove and valued it at 6.2 billion pounds ($8.29 billion) after the UK firm rejected three buyout offers previously.
Murdoch’s REA Makes Fourth Bid for UK Housing Site Rightmove
REA Group Ltd. has made a fourth takeover proposal in less than a month for Rightmove Plc, valuing the UK property portal at about £6.2 billion ($8.7 billion).
REA makes fourth offer for Rightmove and repeats call for talks with board
REA said that, based on its own latest share price, its cash and shares offer gave Rightmove shares an implied value of 781p, valuing the company at £6.2bn. Rightmove, which this week dismissed the third offer as “unattractive”,
REA Group makes improved offer to buy U.K.’s Rightmove for $8.3 billion
REA Group’s new offer would give Rightmove’s shareholders a “mix and match” facility, that would let them pick a more cash-heavy deal
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