DailyMail Money Markets: Rupert Murdoch's Fourth Bid to Acquire Rightmove
Friday, 27 September 2024, 20:53
DailyMail Money Markets: Rightmove's Consideration of Murdoch's Fourth Bid
Rupert Murdoch has launched a fourth bid for Rightmove, valued at £6.2bn. The property technology giant has already dismissed three previous offers at £5.6bn, £5.9bn, and £6.1bn. With the new bid on the table, Rightmove is expected to evaluate this proposition closely, considering the ongoing interest in the digital property landscape.
Key Points in Murdoch's Proposal
- Rightmove's management refusal of past offers increases speculation.
- The property market is witnessing shifts in investment strategies.
- Time will tell if Murdoch's new bid resonates with shareholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.