JP Morgan Assesses Limited Upside for REA Group's Potential Bid for Rightmove
JP Morgan has evaluated a potential renewed bid by REA Group (ASX:REA) for UK property portal Rightmove PLC (LSE:RMV), concluding it would offer limited value to shareholders with only around 4% earnings per share accretion. The bank highlights concerns over underinvestment at Rightmove and sector-wide de-rating in online classifieds, which now trade significantly below their two-year average.
Topics: JP Morgan analysis M&A REA Group Rightmove PLC