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70%

News Corp-controlled REA Group expressed interest in acquiring Rightmove, the UK's dominant property portal on Monday, sending the London-based company’s shares soaring over 20%. Rightmove is a paragon of financial efficiency, with its lean operations and market dominance — the company has some 80%+ of the UK market share — helping it achieve a 70% underlying operating profit margin for the first half of 2024.

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