Murdoch-linked firm considers Rightmove bid

News of a possible takeover attempt by Australian company REA has caused Rightmove’s shares to surge over 22%. REA, majority-owned by News Corp, is considering a cash and share offer for Rightmove due to similarities in their market positions. Shareholders may await a bid cautiously, as the move could impact the London Stock Exchange’s standing and potential long-term gains for investors.

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