The briefest of statements to the Stock Market, issued this afternoon, confirms an about-face in the seemingly doomed relationship between Rightmove and OpenRent.
It simply states:
Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our guidance for the year remains as stated at our H1 2024 results.
Only a couple of days ago it looked as if OpenRent was going to walk away from Rightmove on 1st September, leaving a big hole in the portal’s revenue and a knock to their projected profits.
Now, it seems, the love-match is on again. Maybe both sides decided they had too much to lose?
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