Murdoch’s REA Group Gives Up After 4th Rejection Trying to Acquire UK Portal

It’s strike four, over and out, for Rupert Murdoch’s REA Group, as its continuing, months-long effort to acquire Rightmove has come to an end. Its fourth offer of $8.3B was rejected by the UK portal’s board of directors Sept. 30, and Murdoch’s Sydney-based News Corp subsidiary said there will not be another offer. News Corp also owns and operates several other real estate portals, including Realtor.com®.

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