No one likes to blame a chairman for a deal going pear-shaped. But when they keep dropping stink bombs, is it time to question how recent events shade their long-standing personal fable?
This week, real estate portal and cash-machine REA abandoned its $12 billion futile pursuit of Rightmove. The News Corp-controlled REA’s interest in making a major M&A transaction leaked to our sister Street Talk column a month ago.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
