Rea increased its cash and shares proposal to value the London-listed company at about £6.2 billion, or 781p per share. At the beginning of September, Rea proposed a bid of 705p per share, valuing ...

SYDNEY--REA Group shares rallied after the News Corp-controlled property advertiser abandoned its multi-billion dollar pursuit of U.K. counterpart Rightmove.

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 ...

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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's shares dropped 8% on Monday after Rupert Murdoch's REA Group ended its $8.29 billion takeover pursuit following a ...

Rightmove rejected News Corp-controlled REA Group’s fourth proposal and called on the company to put forward its best and ...

The FTSE 100 listed property portal called on REA to make its ‘best and final proposal’ by 5pm on Monday to end ‘disruptive’ ...