"A combination of the two businesses would provide a significant opportunity to unlock shareholder value," REA said in a statement.
"The enlarged group would deliver robust growth with strong margins and significant cash generation, enabling continued capital appreciation and shareholder returns," REA claimed.
"Any deal would boost the scale of REA, which is the largest player in the Australian online real estate industry and has already expanded into other markets including India."
"Rightmove has maintained steady revenue growth in recent years, and the UK housing market is expected to pick up as interest rates decline."
[
Collection
]
[
|
...
]