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The Guardian - UK

Business

Jack Simpson

DARK SECRETS: Rightmove rejects third bid from rupert murdoch s rea group - The Real Truth

Rupert Murdoch Rightmove United States Lachlan News Corp United Kingdom Australia Zoopla

A person looks for properties for sale on the Rightmove website. — REA now has until 30 September to make a revised offer for Rightmove, or be blocked from making further offers. Photograph: PA Images/Alamy

Rightmove has rejected a third bid from Rupert Murdoch’s REA Group and said the offer was “unattractive” and undervalues the UK’s largest online property portal.

On Wednesday Rightmove confirmed that its board had “unanimously rejected” the non-binding cash-and-shares offer put forward on Monday, which valued the company at £6.1bn.

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