Domain Receives $1.7 Billion Offer from CoStar Group

Deal News | Feb 20, 2025 | Aim Group

U.S.-based CoStar Group, a major player in real estate, has proposed an all-cash bid to acquire Australia's Domain in a deal valuing the real estate marketplace at AUD2.7 billion ($1.7 billion USD). CoStar's offer is priced at AUD4.20 per share ($2.68 USD per share). Domain, known for its strong presence in the Australian property market, is currently led by interim CEO Greg Ellis.

Sectors

  • Real Estate
  • Mergers and Acquisitions

Geography

  • United States – CoStar Group, the bidding company, is based in the U.S.
  • Australia – Domain, the target company, operates out of Australia.

Industry

  • Real Estate – The article discusses CoStar Group's offer to purchase Domain, both integral players within the real estate industry.
  • Mergers and Acquisitions – The article is centered around an acquisition deal where CoStar makes a bid for Domain.

Financials

  • $1.7 billion USD – The total value of the all-cash offer made by CoStar Group for Domain.
  • AUD4.20 per share – The per-share price offered by CoStar in its bid to acquire Domain.
  • AUD2.7 billion – The valuation of Domain based on CoStar's offer.

Participants

NameRoleTypeDescription
CoStar GroupBidding CompanyCompanyA U.S.-based real estate giant making a bid for Domain.
DomainTarget CompanyCompanyAn Australia-based real estate marketplace receiving an acquisition bid from CoStar Group.
Greg EllisInterim CEOPersonInterim CEO of Domain.