Australia-based REA Group, which is 60% owned by News Corp., is contemplating the acquisition of Rightmove, the leading property website in the United Kingdom. REA Group’s CEO, Owen Wilson, announced the potential move, highlighting the strategic importance of penetrating the U.K. market. The acquisition, if realized, would represent a significant expansion for REA Group, leveraging the backing of its majority owner, global media giant News Corp. This consideration underscores the ongoing industry trend of consolidation as companies seek to bolster their market positions and expand geographically.
Real Estate, Media and Publishing, Technology,Australia, United Kingdom
https://aimgroup.com/2024/09/01/rea-group-considers-acquisition-of-u-k-s-rightmove/