<ul><li>UK property portal Rightmove has rejected a £6.2bn takeover offer from REA Group, an Australian real estate firm backed by Rupert Murdoch's News Corp.</li><li>Rightmove deemed the offer as unattractive and materially undervaluing the company.</li><li>On the deadline day, Rightmove called on REA to submit a best and final proposal if they wish to make a fifth offer.</li><li>Rightmove has also declined REA's request for an extension to the deadline and denied access to due diligence information for a potential fifth proposal.</li></ul>

Rightmove rejects £6.2bn takeover offer by Murdoch-backed real estate firm

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