financetom
Business
financetom
/
Business
/
Rightmove said to reject Murdoch-backed REA's offer, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rightmove said to reject Murdoch-backed REA's offer, Bloomberg News reports
Oct 3, 2024 12:29 AM

Sept 21 (Reuters) - British real-estate portal Rightmove ( RTMVF )

has rejected an improved takeover offer from REA Group ( RPGRF )

, majority-owned by Rupert Murdoch's News Corp ( NWSA ),

Bloomberg News reported on Saturday.

Rightmove ( RTMVF ) views the sweetened bid of nearly 750 pence a

share, or a total of about 5.9 billion pounds ($7.86 billion),

as undervaluing the company, Bloomberg said, citing people

familiar with the matter.

($1 = 0.7507 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Take-Two Interactive Software Stock Jumps On Q2 Earnings: What Investors Need To Know
Take-Two Interactive Software Stock Jumps On Q2 Earnings: What Investors Need To Know
Aug 8, 2024
Take-Two Interactive Software Inc ( TTWO ) reported fiscal first-quarter financial results Thursday after the bell. Here’s a look at the key highlights from the quarter. What Happened: Take-Two reported first-quarter revenue of $1.34 billion. The company’s top-line results were up 4% year-over-year. Net bookings came in at $1.22 billion, up 1% on a year-over-year basis. Take-Two reported a net...
Argentina's YPF posts billion-dollar profit in first half
Argentina's YPF posts billion-dollar profit in first half
Aug 8, 2024
Aug 8 (Reuters) - Argentina's state oil firm YPF logged a net profit of 994.465 billion pesos ($1.09 billion) in the first half of the year, the company reported on Thursday. ($1 = 913.000 pesos at end-June) ...
Cohen & Steers Reports Increase in July Assets Under Management
Cohen & Steers Reports Increase in July Assets Under Management
Aug 8, 2024
05:42 PM EDT, 08/08/2024 (MT Newswires) -- Cohen & Steers ( CNS ) reported preliminary assets under management late Thursday of $84.58 billion as of July 31, an increase from $80.71 billion at the end of June. The company said the increase was because of a market appreciation of $4.1 billion, partially offset by distributions of $153 million and net...
FirstCash Expands Credit Facility Size to $700 Million, Extends Maturity to August 2029
FirstCash Expands Credit Facility Size to $700 Million, Extends Maturity to August 2029
Aug 8, 2024
05:42 PM EDT, 08/08/2024 (MT Newswires) -- FirstCash Holdings ( FCFS ) said late Thursday that it amended the terms of a credit facility to boost the size of the commitment to $700 million and extend the maturity date to August 2029. The company said the size increased from $640 million and adjusted the maturity date from August 2027. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved