Any deal would boost the scale of REA, which is the largest player in the Australian online real estate industry. — Bloomberg
LONDON: Rightmove Plc, the United Kingdom’s biggest property portal by market share, has attracted takeover interest from Australian real estate listing provider REA Group Ltd, spurring a rally in the London-listed stock.REA Group, part of Rupert Murdoch’s empire, said on Monday it’s considering a possible cash and share offer for Rightmove.
The Richmond, Victoria-based company, which is controlled by News Corp, said it hasn’t approached the British firm nor had any talks about a bid.
