News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation’s digital real estate services wing, REA Group Ltd, has had its non-binding indicative proposal to acquire Rightmove plc for approximately £5.6 billion rejected. The offer included a mix of cash and shares, representing a substantial premium over Rightmove’s recent share prices. REA Group also plans to seek a secondary listing on the London Stock Exchange to increase investor access.
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