Murdoch’s £5.6 billion bid for U.K. property portal Rightmove rejected by management as ‘opportunistic and fundamentally undervalued’

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Rupert Murdoch's REA property group was said to be attracted by the prospect of more interest-rate cuts in Britain which would lower mortgage costs for buyers.

https://fortune.com/europe/2024/09/11/rupert-murdoch-5-6-billion-bid-rightmove-uk-rejected/