Reported about 1 month ago
REA Group Ltd. is contemplating a takeover bid for Rightmove Plc, a prominent UK real estate platform valued at £4.38 billion ($5.8 billion). The Australian firm, partially owned by News Corp., aims to create a global digital real estate company. Under UK takeover regulations, REA must declare its intentions regarding the bid by September 30. If successful, REA plans to enhance Rightmove with increased investment and innovation.
Source: YAHOO