Harry Hill seems mildly surprised that anyone would be interested in talking to him about the company he set up “partly by accident and partly by design” nearly a quarter of a century ago. It’s a very British brand of reticence.

Rupert Murdoch’s Australian property listing firm REA Group said Monday it would no longer seek to buy UK property portal Rightmove.

REA Group, which is majority-owned by the tycoon's News Corp group, confirmed it will not make a firm offer for Rightmove, sending shares in the FTSE 100 listed property portal slumping by 7%

Rupert Murdoch-owned Australian property listing firm REA Group said on Monday it is dropping its pursuit of real estate portal Rightmove after the UK company rejected its sweetened $8.29 billion fourth proposal earlier in the day.

The UK-listed property portal said the latest approach from the Australian company, which was made on Friday, 'remains unattractive and continues to materially undervalue Rightmove and its future pros

Shares of Rupert Murdoch-backed REA Group ($AU:REA) gained almost 5% after the company announced its official withdrawal from the Rightmove PLC

Rightmove, the UK’s leading real estate portal, has firmly rejected a £6.2 billion takeover bid from REA Group, the Australian property giant backed by Rupert Murdoch’s News Corp. This latest bid marks REA’s fourth attempt to acquire the company,