{"id":53675,"date":"2024-09-25T09:56:05","date_gmt":"2024-09-25T13:56:05","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=53675"},"modified":"2024-09-25T09:56:05","modified_gmt":"2024-09-25T13:56:05","slug":"stock-update-rightmove-shares-decline-nearly-2-after-rejecting-third-takeover-bid-from-rea-group","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/stock-update-rightmove-shares-decline-nearly-2-after-rejecting-third-takeover-bid-from-rea-group\/53675\/","title":{"rendered":"Stock Update: Rightmove shares decline nearly 2% after rejecting third takeover bid from REA Group"},"content":{"rendered":"<p>Rightmove shares fell by over 1.5% after the UK property website rejected a third takeover proposal from Australian company REA Group Ltd, which is part of Rupert Murdoch\u2019s News Corp. The latest offer valued Rightmove at \u00a36.1 billion ($8.2 billion), but the board deemed it \u201cunattractive\u201d and not reflective of the company\u2019s future potential.<\/p>\n<p>REA Group had raised its bid to 770 pence per share, 39% higher than Rightmove\u2019s stock price before its first offer. Despite REA\u2019s push for shareholders to initiate talks, Rightmove\u2019s board unanimously rejected the proposal, maintaining their stance from previous bids.<\/p>\n<p>As of 9:54 a.m., Rightmove shares were down 1.52%, trading at $18.12.<\/p>\n<p>Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rightmove shares fell by over 1.5% after the UK property website rejected a third takeover proposal from Australian company REA\u2026<\/p>\n","protected":false},"author":432,"featured_media":53677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[18546],"class_list":["post-53675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-rightmove"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/432"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=53675"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/53677"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=53675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=53675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=53675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}