Rightmove could attract more takeover bids after Australian giant REA Group's failed bid to buy the UK's largest portal.
Analysts now say investors will be watching Right Move more closely based on REA's interest in acquiring the company. 
failed offer
After four cash and stock offers for Rightmove failed and a war of words ensued between the parties, REA finally withdrew on Monday.
REA said Rightmove had provided only a “limited engagement”, but Rightmove's board accused the Australian portal company of undervaluing it and being opportunistic.
REA Group, owned by Rupert Murdoch's News Corp, appears to be ruling out a hostile takeover because it would mean paying over the odds.
To win the company, it had to beat Park's premium bid. ”
Dan Coatsworth, an investment analyst at AJ Bell, told City AM that “bidding activity over the last month has brought the stock to the attention of more investors.” , will be taking a closer look at why REA was so eager to make an acquisition.” that”.
“[REA]was never going to win with a stingy cash and stock offer…We needed to beat Park's premium bid to convince the company and its shareholders, and that didn't happen.” he stated. Said.
deep pocket
XTB analyst Kathleen Brooks also said Rightmove maintains an acquisition premium and investors are hopeful that another suitor “with deeper pockets than REA Group” will emerge. He said that it suggests that
Prior to REA Group's intervention, Rightmove shares were trading at around 5.70p per share, having initially soared to £7.08, but have now settled at around 6.35p.
