Group makes third offer for property portal, saying it is ‘disappointed’ at lack of engagement by board
Billionaire Rupert Murdoch’s REA Group has added another £200m to a sweetened offer for Rightmove, valuing the UK’s biggest online property portal at more than £6bn.
Owen Wilson, the REA chief executive, said “We are genuinely disappointed at the lack of engagement by Rightmove’s board.” REA’s controlling shareholder is News Corp, the media empire of the Australia-born billionaire Rupert Murdoch. Since Murdoch and his family sold some of their media crown jewels and theOn Monday, REA touted the rapid appreciation of its share price, which has gained 75% over the past two years, compared with the 18% increase in Rightmove’s stock.Get set for the working day – we'll point you to all the business news and analysis you need every morning, property.com.
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