Britain’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group

Britain’s Rightmove rejects .1 bln sweetened bid from Australia’s REA Group

The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024.

Bloomberg | Bloomberg | Getty Images

British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company.

“The board considered the increased proposal… and concluded that the increased proposal continues to be unattractive and materially undervalues the company and its future prospects,” Rightmove said in a statement.

The most recent proposal from REA Group, which is 62% owned by Rupert Murdoch’s News Corp, consists of 341 pence in cash and 0.0422 new REA shares, giving Rightmove an implied value of 770 pence per share.

The latest bid came after an initial offer of 705 pence per share, or 5.6 billion pounds, and the second one of 749 pence per share, were rejected by Rightmove.

Source

World

Typhoon Matmo strengthens, prompting China to evacuate 347,000 people ahead of landfall

October 5, 2025

A man braves the rain as he makes his way through a flooded section of the road amid heavy rainfall brought by Typhoon Matmo, in Haikou, Hainan province, China, on Oct. 5, 2025. Cnsphoto | Via Reuters Typhoon Matmo strengthened ahead of making landfall Sunday in China, prompting the government to evacuate some 347,000 people […]

World

I’m a psychologist who studies couples—here’s the No. 1 thing people fight about in relationships

October 5, 2025

When people ask me what couples fight about the most, they expect the usual suspects like money, sex or parenting. But after years of research, and from real-life experience in my own marriage, the answer is much simpler: tone of voice. That’s right. It’s not the dishes in the sink or the unpaid credit card […]

Taylor Swift’s ‘The Life of a Showgirl’ album release party snares million domestically

World

Taylor Swift’s ‘The Life of a Showgirl’ album release party snares $33 million domestically

October 5, 2025

A person wearing an outfit inspired by The Eras Tour poses in front of “The Official Release Party of a Showgirl” posters at an AMC theater to celebrate the release of Taylor Swift’s new album “The Life of a Showgirl” in New York City, U.S., Oct. 3, 2025. Kylie Cooper | Reuters Taylor Swift gave […]