May 9, 2025 - 09:58
CoStar Group Inc. has finalized a significant agreement to purchase Domain Holdings Australia, a prominent real estate portal, for A$4.43 per share. This acquisition values the company at approximately A$3 billion, equivalent to $1.92 billion. The deal marks a strategic move for CoStar as it seeks to expand its presence in the Australian real estate market.
Domain Holdings, known for its innovative digital platform and extensive property listings, has been a key player in the Australian real estate sector. The acquisition is expected to enhance CoStar's portfolio and provide valuable resources and technology to improve its services.
The transaction reflects CoStar's commitment to growth and diversification within the real estate information and analytics industry. With this acquisition, CoStar aims to leverage Domain's established market position and expertise to better serve clients and capitalize on emerging opportunities in the dynamic real estate landscape. The deal is anticipated to be completed in the coming months, pending regulatory approvals.
