Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers

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Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023.

Victoria Jones | Pa Images | Getty Images

LONDON — Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K.'s Rightmove after the property portal rejected a fourth offer proposal.

Shares of Rightmove reversed earlier gains to trade 8.8% lower after the announcement.

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