REA Group considers a $9B cash-and-share takeover of UK's largest property platform, Rightmove.

REA Group, an Australian real estate company, is considering a cash-and-share takeover of Rightmove, the UK's largest property platform, in a deal exceeding $9 billion. This acquisition aims to enhance REA's global presence and shareholder value, capitalizing on potential synergies. Rightmove's market cap is £4.39 billion, making it significantly smaller than REA. The move comes as REA seeks to recover from a downturn in the Australian property market.

September 02, 2024
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