Australian group walks away after UK property site rejects fourth takeover bid
Australian bidder says its latest offer values UK property listings group at £6.2bn
A £6.1bn bid for the UK’s property listings group by Rupert Murdoch’s REA shows that publishing has changed
Australian property listings group chief says offer for UK rival is a ‘compelling proposition’
Back-and-forth reflects wider spread between what targets think they are worth and what bidders want to pay
Australian property listings group criticises lack of engagement by UK target’s board
Revised offer for property listings group follows dismissal of initial approach as ‘opportunistic’
Declining mortgage rates and certainty of a new government deliver autumn boost to market
Property listings company rebuffs initial approach from company controlled by News Corp
News Corp’s REA says acquisition of UK property listing market leader would be ‘transformational’
There is limited overlap between the businesses and growing risks to the property portal’s UK dominance
UK property platform reports rising revenue in housing market slump but warns of drop in customer numbers this year
The portal currently appeals to growth and value investors equally
Addendum Vulgarati
Johan Svanström joins from private equity group EQT as company grapples with reversing sharp decline in share price
Peter Brooks-Johnson will leave property portal after six years at the helm
Bullish earnings report shows 2021 was busiest in FTSE 100 group’s 21-year history
Average advertised cost of houses jumps 2.3% to £348,800
Visits to site hit 1.4bn in first six months of this year, up from 845m in same period of 2019
Without a recovery in transaction volumes and listings, a full valuation for the online portal’s shares looks exposed
Online property portal records busiest January despite looming end to stamp duty tax break
Lockdowns have prompted reassessment of people’s housing needs, say agents
Company must not bet the bank on expansion; estate agents have nowhere to go
The online property portal has upset agents with its response to the virus fallout
A weaker housing market means estate agents are quitting the site
