tiprankstipranks
REA Group’s Acquisition Proposal to Rightmove Rejected
Company Announcements

REA Group’s Acquisition Proposal to Rightmove Rejected

REA Group Ltd (AU:REA) has released an update.

Don't Miss our Black Friday Offers:

REA Group Ltd has confirmed their non-binding indicative proposal to acquire Rightmove plc was rejected by Rightmove’s Board. The offer included a mix of cash and REA shares, valuing Rightmove at approximately £5.6 billion, a premium over recent trading prices. REA aims to create a global digital property company with strong cash generation and intends to seek a secondary listing on the London Stock Exchange.

For further insights into AU:REA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskREA Group Ltd Director Owen Wilson Alters Shareholding
TipRanks Australian Auto-Generated NewsdeskREA Group Ltd’s Quarterly Financial Report Highlights
TipRanks Auto-Generated NewsdeskREA Group Reports Strong Q1 Growth and Positive Outlook
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App