SYDNEY: Domain Holdings Australia Limited [ASX:DHG] has received an unsolicited, non-binding indicative proposal from CoStar Group, Inc. to acquire 100% of the issued capital of Domain. The proposed acquisition would be executed through a scheme of arrangement, offering $4.20 per Domain share. CoStar has indicated that the proposed price of $4.20 per share will be…
Tag: CoStar Group
CoStar Group buys Arlington office building, plans to relocate from D.C.
CoStar Group, a leading online real estate platform, has purchased a 552,000 square foot office building in Arlington, Virginia, for an undisclosed amount. The company plans to move its Washington, D.C. employees to the new location by 2025, taking advantage of nearly $7 million in tax and economic incentives. The company, which has over 6,200…
CoStar Group offers to acquire OnTheMarket plc for £99 million
LONDON, UK: CoStar UK Limited, a wholly-owned indirect subsidiary of CoStar Group, has made a cash offer to acquire OnTheMarket plc. Under the terms, each OnTheMarket shareholder will be entitled to receive 110 pence in cash. The acquisition values the entire issued and to be issued ordinary share capital of OnTheMarket at approximately £99 million…
CoStar Group withdraws bid to acquire CoreLogic
WASHINGTON: CoStar Group Inc. has withdrawn its bid to acquire CoreLogic and terminate any further acquisition discussions, a news release said. CoStar Group believes rising interest rates will negatively impact the outlook for the mortgage refinancing market. Accordingly, these rising interest rates have caused valuations for residential property technology companies to decline significantly in recent…
CoStar Group agrees to acquire Homesnap Inc. for $250 million in cash
WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use the application an average…
CoStar Group agrees to acquire Ten-X Commercial for $190 million
WASHINGTON: CoStar Group Inc., the leading provider of commercial real estate information, announced plans to acquire Ten-X for $190 million in cash. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the large volume of distressed commercial real estate assets that came on the market during the…