Australia’s largest property listings group REA, which is majority owned by Rupert Murdoch’s News Corp, has launched a third bid for UK rival Rightmove, valuing it at £6.1bn. REA made the cash-and-shares offer on Sunday based on a price of 770 pence a share, almost 9 per cent higher than its initial 705p offer at the start of the month.

REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove. REA reiterated that should it succeed in buying Rightmove,

Rupert Murdoch is in a similar position to a London buyer trying to get on the housing ladder. The tycoon’s online property listing company REA Group on Monday outlined a third attempt to buy Rightmove ,