REA Withdraws £6.2 Billion Rightmove Bid Amid Standoff

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Despite REA’s frustration with what it described as Rightmove’s “limited engagement,” Rightmove insisted it had provided customary and appropriate levels of communication for an unsolicited bid. The board also declined REA’s requests for access to confidential information, which prevented the Australian firm from conducting due diligence.

REA £6.2B Rightmove Bid : Legal Advisors

REA Group is being advised by Freshfields Bruckhaus Deringer LLP, while Rightmove has enlisted Linklaters LLP, with corporate partners Iain Fenn and Dominic da Gama Campos leading the legal team.