REA withdraws Rightmove bid
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Australian property firm REA GroupCNBC
•Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
78% Informative
Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K. 's Rightmove .
The property portal rejected a fourth offer proposal for 346 pence in cash and 0.0417 new REA shares.
Rightmove rejected the offer, saying it "materially undervalued Rightmove ".
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