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Rightmove tumbles as REA Group abandons pursuit

By Michele Maatouk

Date: Monday 30 Sep 2024

(Sharecast News) - Rightmove tumbled on Monday after Rupert Murdoch's Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6.2m takeover proposal was rejected.
At 1220 BST, Rightmove shares were down 8.3% at 613p.

"REA's approach to Rightmove's board was driven...

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