A £5.6 billion takeover bid has been rejected by UK online property portal Rightmove. Rightmove said the cash-and-shares offer from Australian property firm REA Group, backed by Rupert Murdoch’s News Corp, was “wholly opportunistic and fundamentally undervalued Rightmove and its future prospects”. The proposal valued each Rightmove share at 705 pence – 305p and 0.0381 … Continue reading Rightmove rejects ‘wholly opportunistic’ £5.6bn takeover bid