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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Why are the Murdochs trying to buy UK property site Rightmove?

Lachlan Murdoch Rightmove United Kingdom Rupert Murdoch News Corp REA Zoopla Australia REA Group United States
Rupert and Lachlan Murdoch
Rupert Murdoch is engaged in a legal battle to secure Lachlan, right, sole control of the family’s investments. Photograph: Mike Blake/Reuters

Getting into property is considered to be Lachlan Murdoch’s shrewdest and most profitable contribution to building the family empire.

Shortly after the turn of the century, Rupert Murdoch’s eldest son persuaded News Corporation to take a 44% stake in REA Group, the owner of Australia’s realestate.com.au property website.

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