News Corp. Raises Bid for Aussie Portal

Well, if it didn’t happen in U.S. (with Intermix), it is happening in Australia: News Corp. has raised its cash bid for Australian online property-listings site realestate.com.au to A$151 million from A$121 million, after the company’s shareholders rejected News Corp’s earlier lower offer.

Realestate.com.au advised shareholders take no action on the increased bid until they received advice from the independent directors.

Related:

News Corp’s Bid for Property Site “$51m Short”

News Corp. Bids For Aussie Online Deal

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