Domain: CoStar to Launch Acquisition Bid for Australian Property Marketplace
Deal News | Feb 20, 2025 | Aim Group
CoStar Group, a major player in the global real estate marketplace sector, is making strategic moves to acquire Domain, Australia's second-largest property marketplace. CoStar Group has already launched an after-hours share market raid and acquired up to 20% of Domain's stock. This maneuver is seen as a precursor to a formal acquisition bid, showcasing CoStar's ambition to expand its geographical footprint and strengthen its market positioning in the Australian real estate sector.
Sectors
- Real Estate Marketplace
- Mergers and Acquisitions
Geography
- United States – CoStar Group, the company making the bid, is based in the United States.
- Australia – Domain, the target company, is based in Australia, and the acquisition bid directly affects the Australian market.
Industry
- Real Estate Marketplace – The article discusses CoStar Group's intention to acquire Domain, a leading property marketplace in Australia, highlighting the significance of the real estate sector.
- Mergers and Acquisitions – The article is centered around a potential acquisition deal, with CoStar preparing to formalize its bid for Domain.
Financials
- 20% – CoStar Group has acquired up to 20% of Domain's stock in preparation for a formal acquisition bid.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CoStar Group | Bidding Company | Company | CoStar Group is a major U.S.-based real estate marketplace company aiming to acquire Domain. |
| Domain | Target Company | Company | Domain is the No. 2 property marketplace company in Australia, targeted for acquisition by CoStar. |