An Australian property firm majority-owned by Rupert Murdoch’s News Corp has walked away from its takeover interest in Rightmove after a fourth bid was rejected.
REA Group had offered a sweetened cash and share deal that valued the UK online property portal at £6.2bn – almost a month on from confirmation of its initial interest.
Rightmove declared earlier on Monday that the bid “remains unattractive and continues to materially undervalue Rightmove and its future prospects”.
It had called on REA to put forward its “best and final proposal” ahead of a 5pm deadline on Monday. City rules required REA to make a firm offer by this deadline or walk away.
Rightmove said this would bring “certainty to this process”.
REA responded hours later to confirm it had concluded its pursuit of the business.
It claimed that a lack of engagement from Rightmove had “impeded” its ability to act ahead of the 5pm deadline.
REA chief executive Owen Wilson said: “Against a backdrop of intensifying global competition, we approached Rightmove’s board because we strongly believed in the opportunity to create a globally diversified leader in the digital property sector that would benefit both REA and Rightmove shareholders.
“We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within the timetable available.
“They had nothing to lose by engaging with us.
“We are always financially disciplined when we look at M&A (mergers and acquisitions) and reinvestment in our business and will continue to focus on the many other opportunities ahead of us.”
Rightmove shares were 8% lower in the wake of the news.
Qatar’s prime minister said Israel has “killed any hope” of seeing more hostages returned from Gaza after carrying out an attack targeting Hamas leadership in his country.
“I was meeting one of the hostage’s families the morning of the attack,” Sheikh Mohammed told CNN in an interview aired late Wednesday.
“They are counting on this [ceasefire] mediation, they have no other hope for that.”
Sheikh Mohammed added that he thought Netanyahu had “just killed any hope for those hostages”.
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1:44
Ceasefire talks left in ‘tatters’
A total of 48 Israeli hostages captured during Hamas’ 7 October attacks on southern Israel have not been returned home.
With its attack in Qatar, Israel had sought to kill the political leaders of the Islamist group Hamas.
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Hamas has said its top leaders survived the airstrike, but five members were killed, including the son of its exiled Gaza chief and top negotiator Khalil al Hayya.
The Israeli military operation in Doha has been widely condemned internationally and was particularly sensitive as Qatar has been mediating negotiations to bring about a ceasefire in the war in Gaza.
US President Donald Trump reportedly held a heated phone call with Mr Netanyahu after the attack, telling him his decision to target Hamas leadership in Qatar was not wise, according to The Wall Street Journal.
There has been no immediate acknowledgement of the remarks from Mr Netanyahu, however, he’s continued to defend the strikes and threatened further action against Qatar.
“I say to Qatar and all nations who harbour terrorists, you either expel them or you bring them to justice,” Mr Netanyahu said. “Because if you don’t, we will.”
A senior figure in the Qatari government, Dr Majed Al-Ansari, was the one to announce to the world on X that America’s call to alert them to the attack came 10 minutes after the first explosion sounded in Doha.
Dr Al-Ansari, who serves as Qatar’s foreign ministry spokesperson, recounted the moment of the attack to Sky News’ correspondent Sally Lockwood.
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“I was coming home to my family and the moment I stepped out of the car I started hearing the loud noises that can only be compared to bombs,” he said.
“Being a diplomat and working for the foreign ministry throughout the mediation that we have conducted, I immediately knew that that meant that something terrible has happened.
“I can’t tell you enough how as a father living here in Qatar, that moment was a moment of reckoning for me and for all my countrymen and people who reside here in Qatar, where our lives were at risk because of the narcissistic and personal ambitions of a political operator who wants to throw the whole region into chaos.”
Donald Trump had a heated phone call with Israeli Prime Minister Benjamin Netanyahu after his military targeted Hamas inside Qatar, according to a report.
The American president told Mr Netanyahu on Tuesday that the decision to strike inside the US ally’s territory was not wise, The Wall Street Journal reported, citing senior administration officials.
The Israeli prime minister responded by saying he had a brief window to launch the airstrike and took the opportunity, according to the newspaper.
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3:36
Anger over Israeli strikes on Qatar
A second call between the two leaders later that day was cordial, with Mr Trump asking Mr Netanyahu if the attack had been successful, the publication added.
Israel attempted to kill the political leaders of the Islamist group Hamas with the attack in the Qatari capital Doha on Tuesday.
Hamas has said its top leaders survived the airstrike, but five members were killed, including the son of its exiled Gaza chief and top negotiator Khalil al Hayya.
The Israeli military operation in Doha has been widely condemned internationally and was particularly sensitive as Qatar has been hosting and mediating in negotiations which are trying to bring about a ceasefire in the war in Gaza.
On Wednesday, Mr Netanyahu warned Qatar to either expel Hamas officials or “bring them to justice. Because if you don’t, we will”.
Qatar has hit back at him, saying his comments about the Gulf nation hosting a Hamas office were “reckless”.
Image: Donald Trump with Benjamin Netanyahu at the White House earlier this year. Pic: Reuters
Meanwhile, the Israeli ambassador to the US, Yechiel Leiter, has said that if Israel failed to kill Hamas leaders on Tuesday, it would succeed next time.
“We have put terrorists on notice, wherever they may be… we’re going to pursue them, and we’re going to destroy those who will destroy us,” he said.
In another development, Sir Keir Starmer has had talks with Israeli President Isaac Herzog in Downing Street, with Mr Herzog saying they argued during a “tough meeting”.
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0:19
PM meets Israeli president
PM condemns Israeli action
The prime minister has condemned the Israeli attack in Qatar, and raised the matter with the president, saying it was “completely unacceptable”.
“He said the strikes were a flagrant violation of a key partner’s sovereignty and do nothing to secure the peace we all desperately want to see,” a Downing Street spokesperson said.
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Israel has been angered by Britain’s plans to join several other Western countries, including France and Canada, in recognising a Palestinian state later this month – unless Israel meets conditions including a ceasefire in Gaza.
“Things were said that were tough and strong, and clearly we can argue, because when allies meet, they can argue. We are both democracies,” Mr Herzog said at an event at Chatham House.
He also proposed offering a “fact-finding mission” to Israel, “sitting with us and studying the situation in Gaza on the humanitarian level”.
“Because we have full answers, and we are fully transparent,” he said.
The unprecedented Russian drone attacks on Poland are both a test and a warning. How Europe and NATO respond could be crucial to security on this continent.
The Russians are past masters at what’s called “salami slicing”. Tactics that use a series of smaller actions to produce a much bigger outcome that otherwise would have been far more provocative.
Image: Vladimir Putin has a history of testing the West. Pic: Sputnik/Alexei Druzhinin/Kremlin via Reuters
Putin is good at this.
He used salami slicing tactics masterfully in 2014 with his “little green men” invasion of Crimea, a range of ambiguous military and diplomatic tactics to take control. The West’s confused delay in responding sealed Crimea’s fate.
He has just taken a larger slice of salami with his drone attacks on Poland.
Image: A drone found in a field in Mniszkow, eastern Poland
They are of course a test of NATO’s readiness to deploy its Article 5 obligations. Russia has attacked a member state, allies believe deliberately.
Will NATO trigger the all for one, one for all mechanism in Poland’s defence and attack Russia? Not very likely.
But failing to respond projects weakness. Putin will see the results of his test and plot the next one.
Expect lots of talk of sanctions but remember they failed to avert this invasion and have failed to persuade Russia to reverse it. The only sanctions likely to bite are the ones the US president refuses to approve, on Russia’s oil trade.
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6:16
Russia’s Poland incursion represents ‘new chapter’ in Ukraine war, expert says
So how are the drones also a warning? Well, they pose a question.
Vladimir Putin is asking the West if it really wants to become more involved in this conflict with its own forces. Europeans are considering putting boots on the ground inside Ukraine after any potential ceasefire.
If this latest attack is awkward and complicated and hard to respond to now, what happens if Russia uses hybrid tactics then?
Deniable, ambiguous methods that the Russians excel in could make life very difficult for the alliance if it is embroiled in Ukraine.
Think twice before committing your troops there, Russia is warning the West.