UK’s Rightmove Draws Takeover Interest From Murdoch’s REA (3)

Rightmove Plc, the UK’s biggest property portal by market share, has attracted takeover interest from Australian real estate listing provider REA Group Ltd., spurring a rally in the London-listed stock.

REA Group, part of Rupert Murdoch’s sprawling empire, said Monday it’s considering a possible cash and share offer for Rightmove. The Richmond, Victoria-based company, which is controlled by News Corp., said it hasn’t approached the British firm nor had any talks about a bid.

Shares of Rightmove soared as much 27.6% on Monday in London, the biggest intraday gain on record, boosting its market value by ...