News Corp, Daily Mail and General Trust and Trinity Mirror are thought to be among the suitors for Rightmove.co.uk as traditional media continues to chase classified ad income, reports the Telegraph, adding that the house-hunting site prefers a 200-million pound stock offering. A Rightmove spokesman: “Rightmove is continuing with its previously stated plans and working towards an IPO for the first half of 2006. It believes its independent status is in the best interest of the company and the industry.”
Founded in 2000, Rightmove has the highest traffic among the real-estate classified sites. Estate agents Countrywide and Connells each hold 30 percent; other shareholders include HBOS and Royal Sun Alliance Insurance Group.
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