Categories
Home Based Business

Property website Rightmove rejects 5.6 bn Murdoch bid [Video]

UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch’s News Corp empire. Rightmove said in a statement that the cash and shares proposal, worth 5.6 billion (US$7.3 billion), “was wholly opportunistic and fundamentally undervalued” the company. REA made public its