CoStar Group to acquire Domain for $1.92B

CoStar Group to acquire Domain for $1.92B

A billion-dollar deal between two property tech giants has implications far beyond Australia's shores.

Nine Strikes $2.7 Billion Deal to Sell Domain to US Property Giant

Nine Entertainment announced on May 9 that it had entered into a binding deal with U.S.-based CoStar Group to sell its entire stake in Domain, one of Australia’s largest real estate portals. The agreement, known as a scheme implementation deed, outlines the process for CoStar, valued at US$32 billion, to acquire Domain at $4.43 per share. Domain currently has a market capitalisation of around $2.7 billion. The transaction is expected to be final…

Nine shareholders in line for $780m dividend from Domain sale

CoStar has agreed to buy property sales portal Domain in a $3 billion deal that will radically reshape the Australian media and classifieds markets.

US real estate giant CoStar to buy Domain in $3 billion deal

Australian real estate website Domain will be sold to US real estate giant CoStar in a deal worth almost $...

US real estate firm CoStar to buy Australia’s Domain in a $1.9 billion deal

(Reuters) – Australia’s Domain Holdings said on Friday U.S. online real estate firm CoStar would acquire the property classifieds company for an implied enterprise value of A$3 billion ($1.92 billion). Under the deal, CoStar and its unit, which already owns a 16.9% stake in Domain, will acquire the remaining shares in the company at A$4.43 apiece, a 4.2% premium to the stock’s last closing price on Thursday. Domain may also decide to declare a s…

US real estate analytics provider CoStar agrees to acquire Domain, an Australian property listings website that competes with News Corp's REA, for about $1.92B

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