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The Guardian - UK

Nick Fletcher

Rightmove jumps on bid talk after French peer attracts Axel Springer

In a week heavy with takeover talk comes the latest speculation, this time surrounding Rightmove, the property website.

The company's shares have climbed nearly 9% - up 62.5p to 770p - following news that German publisher Axel Springer is offering to buy a French peer of Rightmove, SeLoger.com for €566m, a 13% premium to its closing share price yesterday. Traders said the move put the spotlight on Rightmove as a potential bid candidate. Given Springer is a publisher it didn't take too much time for the likes of Daily Mail and General Trust to be suggested as a possible predator for Rightmove.

Last month Rightmove, which claims to be the UK's leading property website, said it was attracting record numbers of househunters despite the current uncertain market. During the six months to the end of June, the number of page impressions on its website jumped by 22% to 3.9bn. March was a record month, said the company, while April included its busiest day ever.

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