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Purplebricks is an online estate agent
that was founded in 2014 and quickly
became a major player in the UK
property market. The company offers a
unique proposition, enabling sellers to
list their properties online for a fixed fee,
which is significantly lower than
traditional estate agent commissions.
This model quickly gained popularity
among cost-conscious sellers, and the
company rapidly expanded across the
UK and into other international markets.
However, in 2023, rumors began to
circulate that Purplebricks was the
target of a potential takeover bid. The
rumored bid was for a price of 22p per
share, which was a premium over the
company's then-current share price.
The identity of the potential bidder was
not disclosed, leading to speculation
about who might be interested in
acquiring the online estate agent.
The potential takeover bid of
Purplebricks comes at a time of
significant consolidation in the UK
property market, with traditional estate
agents facing increasing competition
from online players. If successful, the
acquisition could help the buyer to gain
a stronger foothold in the online estate
agency market and potentially expand
into new markets.
However, any potential deal is likely to
be subject to regulatory scrutiny,
particularly given the size and
importance of the UK property market. It
remains to be seen whether the rumored
takeover bid for Purplebricks will
materialize, but it is clear that the online
estate agency sector is likely to continue
to generate significant interest from
investors and potential acquirers.
Be worth even more when other bidder pops up and shareholders vote not to go with strike. Happy days
I think the person who bought the 12 percent of the company will be playing their hand soon.
Another bidder will pop up now
Yep MM's trying to get shares on cheap dropping rapidly to induce selling
Thats why price is dropping trying to scoop up shares on the cheap . MM's know whats coming
Its looking more likely to be 4p unless they are two bidder. only heard one so far
Looks like theres an offer inbound. this is going to fly. happy days
Somebody knows something buying half a million shares about 6 times in last 10 minutes or they just a chancer
Somebody mentioned talk of a takeover?
I can see this doing another 280 percent something they not telling us that they cant. Seen it so many times. Starting going up around this time other day. watch this space
halifax told me that if the shares can be held in ISA they should move back to there within a couple of days
Probably not moving because people cant really buy yet. give it a couple of days. I just tried on halifax and cant buy. The shares i havew are saying held rather then uk spac now though but still not moved in to the ISA
I’ve been hearing for a while now of a possible takeover from another company. Maybe this is the one?
Ha I see it’s though Raglan where he bought the shares. Looks like any whiff of an RNS nodding to to that this could 10 bag easy ??