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Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

  • Rupert Murdoch’s REA Group has raised its offer to acquire Rightmove, the UK's largest online property portal, to £6.2bn.
  • Rightmove has rejected three previous offers from REA, but the latest offer values each Rightmove share at 781p and the entire company at about £6.2bn.
  • REA expressed disappointment at Rightmove's repeated rejections and called on the company's shareholders to back the deal before the deadline of 30 September.
  • If REA acquires Rightmove, it plans to give the company a secondary listing on the London Stock Exchange and expand its presence in the global property market.

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