Forbes is reporting that the Australian unit of News Corp is trying to acquire realestate.com.au:

News Corp's Australian unit News Ltd said it has extended its 270 mln aud takeover bid for online real estate advertiser, realestate.com.au, to Nov 11 after having taken up 51.52 pct of the online company.  News launched its offer in August, initially offering 2.00 aud per share before raising the offer to 2.50 a share in October.

realestate.com.au's independent directors have continued to recommend that shareholders reject the offer.   realestate.com.au shares were valued at 2.48-2.73 aud each in an independent expert's report contained in the company's August 25 target statement.

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