NewsBite

REA eyes global transformation with $9b Rightmove purchase

Sam Buckingham-Jones
Sam Buckingham-JonesMedia and marketing reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

REA Group is considering a takeover of Rightmove, the United Kingdom’s largest property platform, in a deal that could cost more than $9 billion and transform the ASX-listed, News Corporation-backed real estate giant into a global player.

REA told investors on Monday it was considering “a possible cash and share offer for the entire issued and to-be-issued share capital of Rightmove”, citing “clear similarities between REA and Rightmove” that would allow it to build a global empire.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Media & marketing

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/media-and-marketing/rea-eyes-global-transformation-with-9b-rightmove-purchase-20240902-p5k74i