Target Information

CoStar Group, a prominent U.S.-based real estate data and analytics firm, has successfully completed its acquisition of Domain, one of Australia's foremost property marketplaces. This strategic transaction, valued at A$3 billion, involves an all-cash offer of A$4.43 per share to Domain shareholders, executed through a Scheme of Arrangement. This acquisition not only enhances CoStar's presence in the Australian market but also emphasizes its commitment to leveraging technology to transform the real estate landscape.

Domain operates as a leading platform in the property market, providing services that facilitate buying, selling, and leasing properties. With its established brand recognition and a substantial user base, the company is well-positioned to benefit from CoStar’s innovative business strategies and technology-driven approaches.

Industry Overview in Australia

The Australian real estate market is characterized by a growing integration of technology and data analytics, reshaping how transactions are conducted. With increasing demand for accurate and real-time market insights, agencies and property firms