Reported 29 days ago
Britain's leading real estate portal, Rightmove, has turned down a £5.6 billion ($7.32 billion) takeover offer from Australia's REA Group, stating that the bid undervalues its future prospects. The board of Rightmove unanimously deemed the proposal opportunistic, while shares of REA, which is largely owned by Rupert Murdoch's News Corp, fell by 2.5%.
Source: YAHOO