Sept 27 (Reuters) -
Australia's REA Group ( RPGRF ), owned by Rupert Murdoch
controlled-News Corp ( NWSA ), on Friday bumped up its takeover
bid for Rightmove ( RTMVF ) to 6.2 billion pounds ($8.29 billion)
after the UK firm rejected three of its previous offers.
The new proposal from REA, a property listing firm,
comprises of an offer price of 775 pence apiece, an 17% premium
to Rightmove's ( RTMVF ) closing price on Thursday. The company has also
offered an additional special dividend of 6 pence per share.
REA's new bid is 1.4% higher than its previous offer of 770
pence per share, or 6.1 billion pounds, and 11% more than its
first offer of 705 pence a share.
The UK firm did not immediately respond to a Reuters request
for comment.
Rightmove ( RTMVF ) rejected the last three proposals from REA, saying
they undervalued the company and were "uncertain, highly
opportunistic and unattractive".
REA on Friday also urged the London-based firm's
shareholders to ask the board to engage in talks after the
company declined to discuss a deal following the previous
takeover proposals.
The Australian company additionally requested an extension
of the Sept. 30 deadline to make a firm binding offer.
($1 = 0.7477 pounds)