CoStar Group acquires Zonda for $800M cash; expands into new home construction data and marketplaces

COSTAR GROUP, INC.

Acquisition of Zonda, a new home data and software provider, for $800M in cash; not subject to financing condition.
Zonda serves over 3,000 customers; 104% net customer retention on subscription-based revenue.
Deal expected to close in H2 2026; accretive to adjusted EPS in first full year of ownership.
CoStar plans cross-sell across commercial, residential, multifamily, lending; pairs Zonda's Envision with Matterport's spatial tech.
Termination provision allows either party to exit if not closed by May 28, 2027.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COSTAR GROUP, INC. entered into Stock Purchase Agreement with Bora Holdings Group, L.P. and Bora, Inc. valued at $800 million (effective 2026-05-28).

Action: entry
Agreement: asset purchase
Counterparty: Bora Holdings Group, L.P. and Bora, Inc.
Value: $800 million
Effective: 2026-05-28

Exact text from the filing

On May 28, 2026, CoStar Group, Inc. (“CoStar Group” or the “Company”), through its wholly owned subsidiary, CoStar Realty Information, Inc., a Delaware corporation, entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Bora Holdings Group, L.P., a Delaware limited partnership (the “Seller”), and Bora, Inc., a Delaware corporation (together with its subsidiaries, “Zonda”), to acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplace solutions, for $800 million in cash at closing (the “Transaction”).

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COSTAR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-246361

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