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News Corp-Backed REA Considers Deal for Rightmove. What's Behind the Move. - Barron's

Sep 2, 2024, 11:11 AM EDT1 sourcesAI-analyzed

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REA Group is considering acquiring U.K. competitor Rightmove. The potential deal aims to diversify REA in Australia and the U.K. Rightmove's shares surged 24%, valuing it at $7.1 billion. No financial details of the deal have been disclosed yet. Such an acquisition would mark a significant move by News Corp.

  • REA Group is considering acquiring U.K. competitor Rightmove.
  • The potential deal aims to diversify REA in Australia and the U.K.
  • Rightmove's shares surged 24%, valuing it at $7.1 billion.
  • No financial details of the deal have been disclosed yet.
  • Such an acquisition would mark a significant move by News Corp.

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