Australia's REA Group withdraws bid for British real estate portal Rightmove-February 2024-www.financetom.com

Australia's REA Group withdraws bid for British real estate portal Rightmove

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Australia's REA Group withdraws bid for British real estate portal Rightmove

Sep 30, 2024 7:11 AM

Sept 30 (Reuters) - Rupert Murdoch-owned Australian

property listing firm REA Group ( RPGRF ) said on Monday it is

dropping its pursuit of real estate portal Rightmove ( RTMVF )

after the UK company rejected its sweetened $8.29 billion fourth

proposal earlier in the day.

Rightmove's ( RTMVF ) shares were down about 10% at 603 pence, as of

1117 GMT on the news.

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