Zoopla: Rightmove rival handed £500m price tag Property Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
London house prices rise by just £600 as worst borough revealed Property The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]
A ‘disappointed’ REA withdraws Rightmove offer after four rejected bids Business REA has withdrawn its possible offer for Rightmove after four bids were rejected by the property platform. “The potential acquisition of Rightmove was dependent on coming to an agreement at a fair price, which would have required meaningful engagement and a constructive dialogue,” REA said. REA’s chief executive Owen Wilson added that the company was [...]
Rightmove formally rejects £5.6bn takeover proposal from Rupert Murdoch-backed REA September 11, 2024 This morning, Rightmove announced that it had formally rejected a £5.6bn takeover bid from Rupert Murdoch-owned property company REA group on 2 September. The property portal confirmed it had received an “unsolicited, non-binding and highly conditional proposal” from REA at 698p, which represented a a premium of 26 per cent to Rightmove’s share price on [...]
