COSTAR GROUP, INC. (CSGP): M&A transaction — CoStar completes Matterport acquisition; each MTTR share gets 0.03552 CSGP shares + $2.75 cash

COSTAR GROUP, INC.

Per share consideration: 0.03552 CoStar shares + $2.75 cash, subject to a symmetrical collar.
Matterport adds over 14M digitized spaces and 50B sq ft across 177 countries to CoStar.
Combined company to invest in AI, computer vision, and machine learning for property analytics.
Deal closed Feb 28, 2025; Matterport now a wholly-owned subsidiary via two-step merger.
Aims to digitize 4+ billion buildings globally, part of a $327T real estate asset class.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

COSTAR GROUP, INC. completed an acquisition involving Matterport, Inc. for $2.75 in cash per share, without interest (closed 2025-02-28).

Action: acquisition
Counterparty: Matterport, Inc.
Consideration: $2.75 in cash per share, without interest
Closing: 2025-02-28

Exact text from the filing

5, CoStar Group, Inc., a Delaware corporation (“CoStar Group”), completed the previously announced acquisition contemplated by the Agreement and Plan of Merger and Reorganization, dated as of April 21, 2024 (the “Merger Agreement”), by and among CoStar Group, Matterport, Inc., a Delaware corporation (“Matterport”), Matrix Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of CoStar Group (“Merger Sub I”), and Matrix Merger Sub II LLC, a Delaware limited liability company and a wholly-owned subsidiary of CoStar Group (“Merger Sub II”).

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COSTAR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-042465

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