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Rightmove shares slide as a rival gets taken over

Online housing market set for shakeup following a US takeover offer for OnTheMarket
October 19, 2023
  • Rightmove 47 times larger
  • OnTheMarket says it will become a "genuine disruptor"

A £100mn takeover of online property platform OnTheMarket (OTMP) has sent rival Rightmove's (RMV) share price down more than 12 per cent, after the company said it would build up scale and directly challenge its larger peer.

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