Sachem Head Pushes Rightmove for Sale
Activist investor Sachem Head has built a nine percent stake in Rightmove and is pressing the property firm to consider a sale. The hedge fund believes the move could help boost shareholder returns and share price.
Insights:
Activist investor Sachem Head has built a 9% stake in United Kingdom property portal Rightmove, pressing the board to consider a sale and engage with potential buyers. The New York-based hedge fund is now the company's largest shareholder following accumulation over the summer months. Rightmove shares fell more than 30% from their peak in August 2025, creating an opening for activist pressure. The campaign highlights growing investor impatience with listed platforms lagging behind broader market gains.
