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does countrywide own rightmove

was told this by countrywide, is it true?

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    I dont think it is true, although I think there may be a connection greater that that of just and EA that advertises it.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    edited 21 January 2011 at 9:22AM
    In their public share offering documentation, from 2006, the small print includes;

    UBS Limited (“UBS” or “UBS Investment Bank”) is acting exclusively for Rightmove and Countrywide Estate Agents, Halifax Estate Agencies Limited, RSA E-Holdings Limited and Connells Limited (the "Selling Shareholders")


    who appeared to be the selling shareholders.


    In 2007, Countrywide were still one of the major shareholders, it appears, having 21.5%;

    http://uk.reuters.com/article/idUKWLB583720070302
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • lor6126
    lor6126 Posts: 253 Forumite
    Part of the Furniture 100 Posts Combo Breaker Photogenic
    thanks for that, it was mentioned in the sales pitch when we got a valuation done and i just wondered if it was true.
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