By CNBC (World News) | Created at 2024-09-30 11:30:23 | Updated at 2024-09-30 13:25:03
1 hour ago
Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023.
Victoria Jones | Pa Images | Getty Images
LONDON — Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K.'s Rightmove after the property portal rejected a fourth offer proposal.
Shares of Rightmove reversed earlier gains to trade 8.8% lower after the announcement.
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