REA Group Ltd confirmed that it does not intend to make an offer for Rightmove. REA had firmly believed that it would have been in the interests of Rightmove shareholders for the Board of Rightmove to engage with REA and to extend the 30 September 2024 deadline.
Owen Wilson, CEO of REA, said: "We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within the timetable available. They had nothing to lose by engaging with us."
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.