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Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 23%

Article Analysis:

Highlights:

1. Rupert Murdoch-owned REA Group is considering a takeover offer for U.K. property portal Rightmove to create a global digital real estate business.

2. Rightmove’s shares surged by 25% in early deals after the announcement, while REA Group’s shares fell by as much as 6%.


Editorial content by Avery Redwood

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