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Last edited 2 months ago
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#Acquisition
Added 2 months ago

Interesting today that REA share price popped up 5% after advising it was walking away from acquisition talks with UK Rightmove plc.

i had never heard of rightmove until REA made an offer, and I can see why they want it. Over 50% net margin, no debt, growing revenue and eps consistently over the last 10 years.

im a REA shareholder and I was gutted that they could get a deal done, but obviously other shareholders were happy to see it fail,

any thoughts from those that follow REA?