Rightmove Sells Holiday Lettings For Undisclosed Sum >RMV.LN

24th Jun 2010 08:35

LONDON (Dow Jones)--Rightmove PLC (RMV.LN), a U.K. property website, said Thursday that its wholly owned subsidiary, Rightmove Group Ltd. has sold its majority interest in Holiday Lettings (Holdings) Ltd., the holding company of Holiday Lettings Ltd., to TripAdvisor LLC for an undisclosed sum. MAIN FACTS: -Sale isn't expected to have a material impact on Rightmove's underlying operating profit from continuing operations. -Gross assets disposed of approximate GBP1.0 million. -Shares at 0730 GMT down 5.5 pence, or 0.8%, at 669.5 pence valuing the company at GBP769.08 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 24, 2010 03:35 ET (07:35 GMT)