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CoStar Offers to Buy Australia’s Domain in $1.7 Billion Deal

Summary by Bloomberg

CoStar Group Inc. offered to buy Domain Holdings Australia Ltd. in a deal valuing the property portal at A$2.65 billion ($1.7 billion).

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Bloomberg

CoStar Offers to Buy Australia’s Domain in $1.7 Billion Deal

CoStar Group Inc. offered to buy Domain Holdings Australia Ltd. in a deal valuing the property portal at A$2.65 billion ($1.7 billion).

2 days ago·United States

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Sydney Morning Herald

US property giant makes $2.7b bid for Domain

Nine Entertainment-owned digital real estate business is in sights of US suitor CoStar, which has already picked up close to a 20 per cent stake in it.

3 days ago·Sydney, Australia

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Australian Financial Review

American real estate giant CoStar eyes Domain takeover bid

Macquarie Capital was late on Thursday buying up shares in the Nine Entertainment-controlled real estate platform. The acquirer already owned 7.5 per cent it.

3 days ago·Sydney, Australia

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Talking Biz News

CoStar makes offer for Australian company

CoStar, which operates a real estate news service in the United States, has offered $1.68 billion for Australia’s second-largest property advertiser, reports Stuart Condie of The Wall Street Journal. Condie reports, “CoStar, which operates U.S. portals including Homes.com, made a nonbinding all-cash proposal for Domain worth 4.20 Australian dollars, equivalent to about US$2.66, per share. […]

1 day ago

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swmdigital.io

US giant makes $2.6b play for Nine’s Domain

US online property giant CoStar has lobbed a multibillion-dollar bid to buy out all of Nine Entertainment-controlled Domain Group.

2 days ago

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sharecafe.com.au

Hot Stocks: Domain Holdings Australia, Guzman y Gomez, Mayne Pharma, Rural Funds Group

Domain Holdings Australia (ASX:DHG) has received an unsolicited, non-binding proposal from CoStar Group to acquire 100% of its shares for $4.20 per share in cash. The offer price will be adjusted for any dividends paid before the transaction, except for a 2c dividend announced on 13 February 2025. CoStar has already acquired a 16.9% stake in Domain at the same price on 20 February 2025. Shares are trading 39.58% higher at $4.36. Guzman y Gomez…

2 days ago

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