Domain Board Endorses $2.8 Billion Takeover Bid from CoStar Group
2025-03-30
Sydney Morning Herald
In a significant development, the board of online property listing company Domain has given its full backing to a $2.8 billion takeover bid from US digital real estate giant CoStar Group, potentially setting the stage for a substantial payday for shareholders. This major deal could reshape the Australian property market, with CoStar's extensive resources and expertise poised to enhance Domain's online real estate listings and property news offerings. As the real estate industry continues to evolve, this acquisition highlights the growing importance of digital platforms in property sales and rentals, with key terms and conditions of the deal expected to be announced soon, including property market trends and real estate investing.