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Market Chatter: Activist Investor Said to Urge Rightmove to Explore Sale Talks

MT Newswires·11/13/2026 12:11:38
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12:11 PM EST, 11/13/2026 (MT Newswires) -- Rightmove (RMV.L) stakeholder Sachem Head Capital Management is urging the British property portal operator to consider sale negotiations amid declining share prices, Reuters reported Friday, citing four people familiar with the matter. The activist investor built up a 9% stake in Rightmove over the summer and discussed its proposals with the board, including re-engaging with interested buyers, according to the sources. Rightmove did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)