Lachlan Murdoch's Property Takeover
This is a UK news story, published by Guardian, that relates primarily to Rupert Murdoch's news.
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•Why are the Murdochs trying to buy UK property site Rightmove?
70% Informative
Rupert Murdoch's eldest son Lachlan Murdoch could be about to repay his father's recent move to hand him full control of the family empire if a takeover of Rightmove , the UK 's leading property website, succeeds.
Success would fulfil Murdoch ’s desire to protect his beloved news media legacy in the UK .
A deal could be in excess of 5bn in cash and shares for Rightmove .
Lachlan Murdoch's property play dates back to 2001 when he swooped on struggling REA in Australia .
News Corp’s digital real estate services division accounted for a third of total global profits of $ 1.5bn in the year to the end of June .
Previous attempts to expand the property strategy to the UK have not come off.
VR Score
69
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66
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29
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English
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52
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