REA banks on news.com.au to beat Domain bidder

Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 15 : 5-Mar-25

News Corporation has a majority stake in REA Group, which in turn owns the realestate.com.au property listings portal. News Corp CEO Robert Thomson has downplayed concerns about US-based CoStar’s takeover bid for rival property listings group Domain Holdings. Thomson says CoStar lacks a publishing network and would have to ramp up the marketing of Domain to increase its market share. Thomson adds that News Corp has a comparative advantage, as it can leverage its media assets – including the news.com.au website – to drive traffic to REA Group.

CORPORATES
NEWS CORPORATION – ASX NWS, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, COSTAR GROUP INCORPORATED

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