REA Group is contemplating the acquisition of Rightmove in a deal valued at $6 billion, with a decision deadline set for September 30. While the digital real estate platform sees potential in expanding its portfolio with Rightmove, experts are questioning the strategic coherence of this acquisition. News Corp., the parent company of REA Group, is likely to provide financial support for this transaction.
Digital Real Estate, Media & Entertainment,Global, United Kingdom, United States
https://aimgroup.com/2024/09/04/rea-group-targets-rightmove-takeover-but-is-there-clear-logic-in-the-huge-deal/