Rightmove has said it will “carefully consider” a new £6.1bn bid from Rupert Murdoch’s property website business as the two sides move a step closer to a deal. REA Group, which is majority-owned by the media tycoon’s News Corp,

UK property portal Rightmove Plc has rejected an improved takeover offer from REA Group Ltd., according to people familiar with the matter.

Rightmove turned down a $7.3 billion bid from the subsidiary of Murdoch’s News Corp., Reuters reported. Representatives of the listings portal said the cash-and-stock bid “fundamentally undervalued Rightmove and its future prospects.”