Rightmove has rejected a £5.6 billion takeover offer from Rupert Murdoch’s REA Group, stating it undervalues the company. Despite a 20% share price increase following news of the offer, REA has until September 30 to make a firm bid. Shareholders are unlikely to accept a takeover without a substantial offer, especially with the improving UK property market outlook benefiting Rightmove’s unique position.
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Elon Musk claims cyber attack on social network X came from ‘Ukraine area’
Elon Musk claimed a cyber attack on his social media platform X originated in Ukraine, leading to outages and business troubles, including Tesla's stock falling 15%. SpaceX lost a rocket, Starlink contracts were cancelled, and protests erupted over Musk's role in cutting government contracts. Musk criticized US aid to Ukraine, calling Senator Mark Kelly a "traitor" and advocating for the US to leave Nato. Full Article
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