Shares in Rightmove have surged by around 25% at the start of trading in London, reaching as high as 696p after REA Group's potential takeover approach was revealed.
If REA Group succeeded with a takeover of Rightmove, it would create an online estate agent with dominant positions in the Australian and UK property markets.
רע Group's interest in acquiring Rightmove has led to its shares dropping by 5.5% on the Australian stock market, reflecting traders' reactions.
[
Collection
]
[
|
...
]