Domain Opens Books for CoStar's $1.76B Final Offer

Deal News | Mar 26, 2025 | Aim Group

Domain, a major player in the property market, is currently in acquisition discussions with CoStar Group, a U.S.-based commercial property information company. CoStar has made what it considers to be its 'best and final' offer, priced at AUD4.43 ($2.79 U.S.) per share, valuing Domain at approximately $1.76 billion USD. In response, Domain and its parent company, Nine Entertainment Co., have allowed CoStar to conduct due diligence by opening Domain's financial records. This move is a significant step in the acquisition process, signaling serious consideration of the offer. The proposal marks an important potential expansion for CoStar in the Australian market.

Sectors

  • Real Estate
  • Technology
  • Media and Entertainment

Geography

  • United States – CoStar Group is based in the U.S. and is making the acquisition bid.
  • Australia – Domain is based in Australia, and the acquisition target of CoStar's bid.

Industry

  • Real Estate – Domain operates within the property marketplace sector, providing property listings and real estate information.
  • Technology – CoStar Group is a technology-driven commercial real estate information company.
  • Media and Entertainment – Domain is owned by Nine Entertainment Co., an Australian media company.

Financials

  • $1.76 billion – The total value of CoStar's bid to acquire Domain.
  • AUD4.43 ($2.79 U.S.) – Price per share offered by CoStar for Domain's shares.

Participants

NameRoleTypeDescription
DomainTarget companyCompanyAn Australian property marketplace platform.
CoStar GroupBidding companyCompanyA U.S.-based commercial real estate information and analytics company.
Nine Entertainment Co.Selling companyCompanyThe parent company of Domain, a major Australian media and entertainment group.
Andy FloranceCEO of CoStar GroupPersonCEO leading the acquisition efforts for CoStar Group.