M&A
confidence high
sentiment positive
materiality 0.80
CoStar Group completes acquisition of Domain Holdings Australia for $4.43 AUD per share
COSTAR GROUP, INC.
- CoStar now owns 100% of Domain after acquiring remaining ~83% at $4.43 AUD/share (net of $0.088 AUD special dividend).
- Domain reaches 7M Australians monthly; CoStar plans to apply Homes.com playbook to boost competition and lower costs.
- Acquisition expands CoStar's international presence and challenges dominant Australian property marketplace.
- CEO Florance commits to invest in content, tools, traffic, and user experience while reducing agent costs.