CoStar: Supreme Court Approves Shareholder Vote on Domain Acquisition
Deal News | Jun 30, 2025 | Aim Group
The Supreme Court of New South Wales has granted approval for the shareholders of Domain, an Australia-based real estate digital business, to vote on the proposed acquisition by CoStar Group, a prominent real estate information and analytics provider. This judicial endorsement allows Domain to proceed with distributing the scheme booklet, a document that outlines the contractual details of the acquisition, which is a crucial step in obtaining the necessary shareholder and regulatory approvals for the deal to be completed. The decision is a strategic milestone in CoStar’s efforts to expand its international operations by integrating Domain’s resources and market presence.
Sectors
- Real Estate
- Legal Services
Geography
- Australia – Domain is an Australian-based company involved in the transaction.
- United States – CoStar Group, the acquiring company, is based in the United States.
Industry
- Real Estate – CoStar Group and Domain operate within the real estate information and analytics sector, focusing on property market insights and digital platforms.
- Legal Services – The Supreme Court's involvement highlights the legal processes required for mergers and acquisitions in corporate law.
Financials
- Not specified – The financial details of the acquisition, such as the price or valuation, were not specified in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CoStar Group | Bidding Company | Company | A leading provider of commercial real estate information, analytics, and marketing services. |
| Domain | Target Company | Company | An Australian-based digital real estate business focused on consumers, agents, and the market. |
| Supreme Court of New South Wales | Legal Authority | Government | The legal body approving the shareholder vote necessary for acquisition proceedings. |