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The Latest Breaking News from REA

Selling a house in Australia is expensive. The ACCC is investigating one reason why

News Corp’s REA Group, behind real estate listings site realestate.com.au, is being investigated by the consumer watchdog amid complaints over its market dominance

The Guardian - AU

Checkers or wreckers: When NASCAR drivers take ‘win or bust’ too far

NASCAR has a well-earned reputation of being a full-contact sport on the race track with drivers given far more leeway than they are in most other racing series. However, there are still times when a driver crosses some unspoken line, leading to widespread condemnation throughout the garage and even penalties…

Motorsport

Even though the offer is a serious play, Nine probably doesn’t want to sell Domain

US property conglomerate CoStar offered $4.20 a share, valuing the Domain business at $2.7bn – but sometimes silence speaks louder than words

The Guardian - AU

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Aussie property market healthiest in years: REA boss

REA Group chief executive Owen Wilson says there are a lot of buyers and sellers of Australian property right now in anticipation of rate cuts.

AAP

Celebrity boxing matches and ‘doping-legal Olympics’: the increasingly blurred line between sports and entertainment

We like to think that sports are fixed and immutable, but like anything else, they are a product of their time. Just look at the Olympic Games, where events like motorboating, tug-of-war and obstacle course swimming came and went during the 1900s. More recently, breakdancing appeared in last year’s Paris…

The Conversation

Importing biomass from North Korea is not our intention

Letter: The bioenergy resource model referred to in a Guardian article is a scenario-planning document, not official policy, writes Trevor Hutchings

The Guardian - UK

Aussie shares edge up as Rio seals $10b lithium deal

The ASX200 has finished 0.1 per cent higher, with Rio Tinto announcing after the market closed that it would pay $10 billion to acquire Arcadium Lithium.

AAP

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The Murdochs just couldn’t afford Rightmove

News Corp dressed up its retreat as ‘financial discipline’, another way of saying it couldn’t afford what it wanted

The Guardian - UK

REA walks away from Rightmove takeover offer

The move by REA comes after Rightmove made its fourth rejection of potential bid terms

Evening Standard

Murdoch-backed REA abandons attempt to take over Rightmove

Decision comes after UK real estate portal turned down fourth offer from Australian property company

The Guardian - UK

News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal

The Guardian - UK

Rightmove urged to open talks after Australia’s REA Group makes fourth approach

The £6.2 billion bidder has until Monday to make a formal offer or walk away

Evening Standard

Rightmove rejects third takeover offer from Australia's REA as 'unattractive'

REA has until 30 September to make a formal offer or walk away

Evening Standard

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The Guardian - UK

Rightmove should keep saying no to the Murdochs

Latest takeover offer from REA Group deserves a flat rejection, and there is still time for more action

The Guardian - AU

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

International Business Times

Murdoch's REA Ups Offer For Property Website Rightmove

REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.

The Guardian - UK

Rupert Murdoch’s REA raises Rightmove bid to £6.1bn

Group makes third offer for property portal, saying it is ‘disappointed’ at lack of engagement by board

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Evening Standard

REA ups its offer for Rightmove a second time to £6.1 bn

The REA board urged Rightmove shareholders “to encourage the board of directors of Rightmove to engage in constructive discussions.”

The Guardian - UK

UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – as it happened

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

The Guardian - AU

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

The Guardian - UK

Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn

About £300m added to deal for UK’s biggest online real-estate portal after first proposal unanimously rejected

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Conversation

Rupert Murdoch’s real-life succession drama is underway in a Nevada courtroom. What might happen next?

A unique court case is getting under way in Nevada this week. At stake is the future of the Murdoch empire. The case, which begins on September 17 local time, is scheduled to run (in secret) for two weeks, and sometime after that the Reno Nevada County Probate Commissioner will…

The Guardian - AU

Australians pay more than anyone in the world to sell their homes online

Prices at the News Corp-controlled realestate.com.au can be as high as $4,000 for a single listing, prompting complaints from vendors, agents and industry disruptors

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