China’s factories hit by falling export demand; Murdoch’s REA Group considers Rightmove takeover offer – business live

China’s factories hit by falling export demand; Murdoch’s REA Group considers Rightmove takeover offer – business live

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Shares in REA Group have fallen by 5.5% on the Australian stock market today, as traders react to its interest in Rightmove.

Rupert Murdoch’s property listings company is considering a swoop on UK housing portal Rightmove.

REA has a long history of growth and has demonstrated a track record of building businesses over decades to create globally leading platforms that have transformed the way people experience property.

With an acquisition of Rightmove, REA would look to enhance the UK property experience for buyers, sellers and renters, supporting Rightmove’s vision “to give everyone the belief they can make their move” while positively contributing to the property market ecosystem with investment and innovation.

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