UK Site Says No To Newspaper Groups’ Overture

As you’ve been reading here, a lot of consolidation in the online classifieds market in UK has been going on, with big newspaper groups buying up all the job and real estate listings site. Among the biggest, property website Rightmove, is considering not selling itself and instead going for an IPO.

Rightmove, which claims to have 78% of the UK online property advertising market, is a juicy target for groups such as Daily Mail & General Trust, Trinity Mirror and News Corporation, which have all made acquisitions in this sector.

Analysts at ABN Amro have been valuing the business at

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