Real Estate
Rightmove to Consider New £6.1 Billion Bid From REA Group
- Murdoch’s REA again raises offer price, to 770 pence a share
- Rightmove attracting interest on prospects of UK housing boost
Rightmove Plc said it will consider a £6.1 billion ($8.1 billion) sweetened bid from REA Group Ltd., the third proposal in less than three weeks from the Australian property portal.
The improved offer values Rightmove at 770 pence a share, REA said Monday, or 2.8% higher than its previous bid. REA, which is part of media mogul Rupert Murdoch’s empire, had expressed frustration at the UK firm’s refusal to even discuss a deal after rejecting its two previous offers.