Reported about 1 month ago
REA Group Ltd., part of Rupert Murdoch’s empire, is exploring a potential takeover bid for the UK property portal Rightmove Plc, valued at $5.8 billion. The Australian property listing provider is seeking to expand its global presence but faces investor skepticism and market challenges that could complicate the acquisition process. A firm decision on the bid is required by September 30, under UK takeover regulations.
Source: YAHOO