(Reuters) – Australian property itemizing agency REA Group mentioned on Monday it had sweetened the takeover supply for Rightmove (OTC:) to six.1 billion kilos ($8.12 billion), after Britain’s largest actual property portal rejected an earlier supply.
The most recent supply implies a worth of 770 pence per Rightmove share. Rightmove is but to reply to this supply.
Rightmove rejected a 749 pence-per-share supply from REA earlier this month, saying it undervalued the corporate, REA mentioned.
REA, which is majority-owned by Rupert Murdoch’s Information Corp (NASDAQ:), mentioned it had initially supplied 705 pence per share, or 5.6 billion kilos, for Rightmove.
($1 = 0.7510 kilos) (This story has been corrected to say that Rightmove rejected an earlier takeover supply and REA has since sweetened the supply to $8.1 bln)