Pellegrino Set to Return as CEO of Domain Following CoStar Acquisition

Deal News | Jun 03, 2025 | Aim Group

Jason Pellegrino, the former CEO of the Australia-based property site Domain, is reportedly the frontrunner to reassume his position once CoStar Group completes its acquisition of the company later this year. This news indicates a strategic move by CoStar Group to reinstate Pellegrino, leveraging his past experience and leadership at Domain to potentially steer the company to new heights. The acquisition by CoStar Group—a major player in the real estate information sector—suggests a tactical expansion into the Australian market, positioning Domain for further growth and development within the property listing industry. Pellegrino's return could signify continuity and potential revitalization of Domain's strategic objectives under new ownership.

Sectors

  • Real Estate
  • Technology

Geography

  • Australia – Domain is an Australia-based company, and this region is central to the strategic implications of the acquisition by CoStar Group.
  • United States – CoStar Group, the acquiring company, is based in the United States, and its acquisition of Domain reflects a cross-border expansion.

Industry

  • Real Estate – The article focuses on Domain, a property site, and CoStar Group, a real estate information firm, highlighting activities in the real estate sector.
  • Technology – Domain operates as an online property site, and technological platforms for property listings are a significant aspect of both Domain and CoStar Group's operations.

Financials

  • Not specified – The article does not disclose the financial terms of the acquisition.

Participants

NameRoleTypeDescription
Jason PellegrinoPotential Returning CEOPersonFormer CEO of Domain poised to return post-acquisition by CoStar Group.
DomainTargetCompanyAn Australia-based property site that is the subject of CoStar Group's acquisition.
CoStar GroupBidding CompanyCompanyA U.S.-based real estate information company acquiring Domain.