Murdoch’s REA group targets Rightmove in strategic UK market expansion
REA Group, predominantly owned by News Corp, is considering a bid to acquire Rightmove, the UK’s top property portal. This potential acquisition, estimated to exceed £5bn in value, marks Lachlan Murdoch’s latest strategic endeavour to expand the family’s empire, following his recent empowerment with full control by his father, Rupert Murdoch. The deadline for formalising…