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Private equity heavyweight KKR and Domain Holdings want the owners of the online property conveyancer to either accept or reject their offer by this Sunday. 

Read more about Australia Market extends losses on Business Standard. At closing bell, the benchmark S&P/ASX200 declined by 52.09 points, or 0.73%, to 7,044.87. The broader All Ordinaries fell 50.50 points, or 0.69, to 7,281.14.

* 44% stake in online real estate firm PEXA has stoked bid interest

Asia Digest: Carlyle, Pacific Equity abandon bid for Link; Quadrant partially exits Peter Warren REUTERS/Thomas White April 30, 2021 The Carlyle Group and Pacific Equity Partners have abandoned their $1.97 billion bid for Link Administration Holdings, while Quadrant Private Equity has made a partial exit from automotive group Peter Warren Automotive Holdings. Carlyle, Pacific Equity abandon bid for Link Administration Global investment firm The Carlyle Group and Pacific Equity Partners have abandoned their A$2.7 billion ($1.97 billion) bid for Australia-based Link Administration Holdings. Lin...

ASX Update: Market cheers ‘low rates for longer’ SubscribeBe the first with the news that moves the market Shares surged and the dollar dropped after unexpectedly mild inflation data doused fears the Reserve Bank might raise the cash rate ahead of previous guidance. The S&P/ASX 200 jumped more than 20 points after the data drop, boosting cautious early gains to a mid-session tally of 29 points or 0.41 per cent. The dollar dived around three-tenths of a cent to 77.37 US cents. What's driving the market Worries about inflation were blown away by weaker-than-expected quarterly data. The c...