Rightmove made the wrong move, says Russell Quirk – London Wallet

REA withdrew its interest in Rightmove this week, following a series of bids that eventually topped £6bn. The thing is, Rightmove is only worth £4.5bn, according to the City, and so why did shareholders shun the Australian business?

Renowned property commentator Russell Quirk believes that Rightmove shareholders will regret not doing this deal, and has accused them of potentially acting in their own best interests rather than Rightmove shareholders. Do you agree?

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Higher portal fees? Rightmove vows to ‘deliver significant future value for shareholders’ after rejecting takeover bid