The proposal, which does not constitute a formal offer, reportedly values the real-estate portal at more than £5.5bn REA, the Australian property company majority-owned by Rupert Murdoch's News Corp, has started talks with Rightmove, the UK's biggest online real-estate portal. The initial proposal, which does not constitute a formal offer, is reportedly in the low-700p a share range, which would value the firm at more than £5.5bn.
The proposal, which does not constitute a formal offer, reportedly values the real-estate portal at more than £5.5bn REA, the Australian property company majority-owned by Rupert Murdoch's News Corp, has started talks with Rightmove, the UK's biggest online real-estate portal. The initial proposal, which does not constitute a formal offer, is reportedly in the low-700p a share range, which would value the firm at more than £5.5bn.
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