Murdochs Under Pressure to Improve Rightmove Takeover Offer

Wednesday, 11 September 2024, 09:35

Murdochs are under pressure to sweeten their Rightmove takeover offer after a £5.6bn bid was rejected. Analysts argue that the media mogul may need to surpass £7bn for a successful acquisition. This situation could shift market dynamics significantly.
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Murdochs Under Pressure to Improve Rightmove Takeover Offer

Current Situation

Rupert Murdoch's recent £5.6bn bid for Rightmove has encountered resistance, prompting analysts to suggest that he may need to increase his offer.

Shareholder Opposition

  • The REA Group, an influential shareholder, opposes the current bid.
  • Market analysts project a potential increase beyond £7bn for a successful takeover.

This could alter the competitive landscape in the online real estate market.


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.


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