Our fair value estimate for REA Group is AUD 123 per share, which assumes a 0% probability REA Group will acquire UK-based Rightmove, and implies a price/earnings ratio of 34 times on our fiscal 2025 ...
The move comes after Rightmove rejected a fourth takeover bid from REA earlier on Monday (30 September), which valued the UK ...
Rupert Murdoch’s Australian property firm REA has has ended its efforts to buy UK online property portal Rightmove after its ...
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
The latest terms imply a value of 781 pence per Rightmove share, including the dividend, based on REA's closing price of 200 Australian dollars, or about $138, on Friday.
REA AU:REA, which is mostly held by the U.S. media group News Corp, said its fourth cash-and-stock bid at a 45% premium would ...
Rightmove rejected News Corp-controlled REA Group’s fourth proposal and called on the company to put forward its best and ...
Rupert Murdoch’s REA Group has abandoned its pursuit of British rival Rightmove after its last takeover approach worth £6.2 ...
The FTSE 100 listed property portal called on REA to make its ‘best and final proposal’ by 5pm on Monday to end ‘disruptive’ ...
British online property website Rightmove on Monday said it had rejected a slightly improved offer from REA Group, an Australian online property business majority-owned by Rupert Murdoch's News Corp ...