Rightmove has rejected a £5.6bn takeover bid from REA Group, an Australian firm backed by Rupert Murdoch’s News Corp. Rightmove's board called the offer "wholly opportunistic," arguing it undervalued the company. REA aimed to create a dominant property business across the UK and Australia but now has until September 30 to either revise the bid or walk away. This is another setback for Murdoch's empire after the failure of Talk TV. Meanwhile, hedge fund Starboard Value seeks to reduce Rupert Murdoch's control over News Corp, which owns 61% of REA. Murdoch stepped down as chairman in 2023, and News Corp has partnered with AI firm OpenAI to integrate its content into AI bots like ChatGPT. Murdoch's net worth is estimated at over USD20bn (£15bn).