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The Latest Breaking News from REA

Importing biomass from North Korea is not our intention

Letter: The bioenergy resource model referred to in a Guardian article is a scenario-planning document, not official policy, writes Trevor Hutchings

The Guardian - UK

Aussie shares edge up as Rio seals $10b lithium deal

The ASX200 has finished 0.1 per cent higher, with Rio Tinto announcing after the market closed that it would pay $10 billion to acquire Arcadium Lithium.

AAP

The eye-watering numbers that paint a picture of a journalism industry propped up by real estate cash

Last week Nine’s Domain became worth more than its parent company. What other numbers stand out in the relationships between the media and real estate industries?

Crikey

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The Murdochs just couldn’t afford Rightmove

News Corp dressed up its retreat as ‘financial discipline’, another way of saying it couldn’t afford what it wanted

The Guardian - UK

REA walks away from Rightmove takeover offer

The move by REA comes after Rightmove made its fourth rejection of potential bid terms

Evening Standard

Murdoch-backed REA abandons attempt to take over Rightmove

Decision comes after UK real estate portal turned down fourth offer from Australian property company

The Guardian - UK

News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal

The Guardian - UK

Rightmove urged to open talks after Australia’s REA Group makes fourth approach

The £6.2 billion bidder has until Monday to make a formal offer or walk away

Evening Standard

Rightmove rejects third takeover offer from Australia's REA as 'unattractive'

REA has until 30 September to make a formal offer or walk away

Evening Standard

Rightmove should keep saying no to the Murdochs

Latest takeover offer from REA Group deserves a flat rejection, and there is still time for more action

The Guardian - UK

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

Murdoch's REA Ups Offer For Property Website Rightmove

REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.

International Business Times

Rupert Murdoch’s REA raises Rightmove bid to £6.1bn

Group makes third offer for property portal, saying it is ‘disappointed’ at lack of engagement by board

The Guardian - UK

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Evening Standard

REA ups its offer for Rightmove a second time to £6.1 bn

The REA board urged Rightmove shareholders “to encourage the board of directors of Rightmove to engage in constructive discussions.”

The Guardian - UK

UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – as it happened

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

Crikey

From News Corp to Nine, journalism is compromised by real estate. Time to let it go

Real estate is one of traditional media’s few remaining lucrative advertising sectors. But now they’re looking for the exit.

The Guardian - AU

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

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The Guardian - UK

Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn

About £300m added to deal for UK’s biggest online real-estate portal after first proposal unanimously rejected

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Conversation

Rupert Murdoch’s real-life succession drama is underway in a Nevada courtroom. What might happen next?

A unique court case is getting under way in Nevada this week. At stake is the future of the Murdoch empire. The case, which begins on September 17 local time, is scheduled to run (in secret) for two weeks, and sometime after that the Reno Nevada County Probate Commissioner will…

The Guardian - AU

Australians pay more than anyone in the world to sell their homes online

Prices at the News Corp-controlled realestate.com.au can be as high as $4,000 for a single listing, prompting complaints from vendors, agents and industry disruptors

The Guardian - AU

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

The Guardian - UK

Surge in larger homes for sale amid capital gains tax fears, Rightmove says

Speculation Rachel Reeves to raise tax in budget thought one reason for some homeowners cashing out

The Guardian - UK

Rupert Murdoch-owned firm REA makes £5.6bn offer for Rightmove

Board rejects non-binding indicative proposal of 705p a share for UK’s biggest online real-estate portal

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