M&A
confidence high
sentiment positive
materiality 0.85
CoStar Group enters binding agreement to acquire Domain Holdings for A$4.43/share (~$1.5B)
COSTAR GROUP, INC.
- CoStar (CSGP) to acquire remaining ~83% of Domain (ASX:DHG) for A$4.43/share cash, total ~A$2.3B ($1.5B).
- Already owns ~17% from earlier A$4.20 purchase; implied enterprise value ~A$3.0B.
- Domain Board unanimously recommends; Nine Entertainment (60.1% stake) intends to vote in favor.
- Closing conditions: >75% shareholder vote, court, FIRB, expert opinion, no MAC; expected Q3 2025.
- Break fees of ~A$28M each side; customary no-shop, matching and exclusivity provisions.