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Evening Standard
Evening Standard
Business
Jonathan Prynn

REA walks away from Rightmove takeover offer

Rightmove REA United Kingdom

Australian property portal REA has walked away from making a bid for Rightmove after being rebuffed for a fourth time.

The listings business, which is controlled by Rupert Murdoch’s New Corp, said it was “disappointed” that the Rightmove board had not engaged in formal talks or recommended its potential offer.

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