Since the Australian portal giant REA Group publicly announced that it was considering making an offer for Rightmove its shares have fallen by as much as 8.4%.

During the same period shares in Rightmove soared by 19.8% suggesting the markets believe it may potentially be getting the better deal.

Respected global investment advice website, The Motley Fool, has said that although it would be a “potential blockbuster takeover deal,” and that the resulting property giant “would represent the two largest property classifieds businesses across the United Kingdom and Australia,” it believes there are better investments opportunities available.

Intention to bid

To date however there has been no formal bid tabled, nor have any prices been discussed. The details of any takeover though are likely to soon emerge as under the London Stock Exchange’s rules once an intention to bid is declared, the company has 28 days to make a formal offer or withdraw.

That means if REA Group is going to proceed it must do so before 30th of September and only then will shareholders and investors get their first real indication of the value of the deal.

Founded in Australia in 1993 by brothers Tom and David Gardner, the Motley Fool provides financial advice and information through its website, podcasts, books, newspaper column and radio show.