REA Group
Rupert Murdoch walks away from $12 billion chase for property giant
Murdoch’s REA Group has abandoned its pursuit of UK online property group Rightmove after its fourth takeover proposal was knocked back.
- by Pui-Guan Man
Latest
Updated
Mergers & acquisitions
News Corp-backed real estate group eyes global property push
The operator of realestate.com.au is mulling a tie-up with UK’s top property portal, but the market isn’t sold on the move.
- by Penry Buckley
Murdoch under pressure from US hedge fund to break up his media empire
Starboard Value, which is run by “the most feared man in corporate America”, has built a stake in News Corp and calls for a spin-off of REA Group, its Australian real estate division.
- by James Warrington
Updated
Media & marketing
Housing downturn blunts earnings at Murdochs’ News Corp
News Corporation says a previously announced cost-cutting drive will produce bigger savings than first thought, while income slides on weaknesses in segments such as real estate and Australian news publishing.
- by Nick Bonyhady and Clancy Yeates
REA Group to hike property listing prices
The new proposed price hikes will be the highest for REA Group since the COVID-19 pandemic.
- by Zoe Samios
News Corp says $4.4 billion deal to sell US real estate business Move is off
A month after abruptly halting plans for a potential merger of its major media companies Fox Corporation and News Corporation, Rupert Murdoch’s business empire said it’s no longer involved in discussions to sell its real-estate listings business Move to rival CoStar.
- by Christopher Palmeri
REA boss expects interest rate rises could peak mid-year, property market to stabilise
The chief executive said the News Corp controlled real-estate listings portal was looking closely at cost reductions as it weathers the uncertain economic environment.
- by Zoe Samios
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
Listing levels for July were at their highest since 2016, and price declines were coming off an abnormally strong property market, the head of the real estate portal says.
- by Zoe Samios
REA Group investigating potential staff underpayments
REA Group told staff KPMG was conducting an urgent review into the matter.
- by Zoe Samios
REA aims to ‘significantly’ speed up mortgage approvals with $15m tech play
REA chief Owen Wilson is betting the company can use its clout in real estate listings to grab a growing share of the mortgage broking market.
- by Clancy Yeates
Booming property market stokes household debt concerns
A ferocious boom in housing overwhelming the banks is stoking concerns about consumer debt, amid signs some buyers are becoming more cautious about overpaying
- by Colin Kruger and Clancy Yeates
Original URL: https://www.theage.com.au/topic/rea-1aa