Rightmove, the largest property listings platform in Britain, has rejected a sweetened takeover bid from News Corporation’s ASX-listed real estate platform REA Group that valued its target around $11.5 billion.
The sweetened bid was for nearly £7.50 ($14.68) a share, or about £5.9 billion. The offer was a 6.4 per cent boost on the previous offer worth £7.05 a share.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
