Rightmove
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Latest property news
Rightmove rejects latest REA Group offer and says ‘put up or shut up’
The UK portal giant says it will consider a higher offer from REA Group today, but not afterwards – which means the Oz firm must up the offer, withdraw or mount a hostile takeover.
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Marketing
REA determined to do ‘what it takes’ to buy Rightmove, says insider
Claim is made by industry insider following a week of multiple offers by REA Group to the Rightmove board to buy its entire share issue at a 45% premium.
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Housing Market
Rightmove rejects latest takeover offer amid warnings of hostile bid
The board at Rightmove unanimously rejected a third offer from Aussie portal firm REA prompting more frustrated comments from REA.
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Latest property news
REA raises offer for Rightmove by 10% saying takeover will be ‘good for agents’
Australian portal firm says its bid to buy Rightmove is not opportunistic and bemoans 'lack of engagement' from board over offer.
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Marketing
Rightmove rejects takeover move from Down-Under
The portal's board unanimously rejects a move from Australian portal firm REA and its CEO Owen Wilson as "opportunistic", and it "undervalued" the company.
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Proptech
Australian investors ‘not keen on Rightmove acquisition’
News of a potential REA takeover of Rightmove has sent shares in the Australian portal tumbling.
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Housing Market
Number of former rental properties for sale rises as CGT changes loom
Research by Rightmove among its listings shows the proportion of former rented properties within the market rising to 18%.
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Nigel Lewis
BLOG: REA’s attempt to buy Rightmove is no surprise – here’s why
Rightmove's reliance on monster profits and its relatively weak attempts to be truly innovative have opened the door to real competition, it can be argued.
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Marketing
Outgoing Rightmove chief replaced by blue-blooded staffer
After four years at Rightmove, Chief Financial Officer Alison Dolan is to be replaced by Ruaridh Hook, who is often seen in the society pages of upmarket magazines.
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Marketing
Rightmove sees share price fall following OpenRent exit
The portal saw its share price drop nearly 5% after confirmation that the UK's largest lettings agency OpenRent was leaving.
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