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3w ago

CoStar Finalizes $3 Billion Deal to Acquire Australia's Domain Holdings

The agreement, backed by Domain's board and Nine Entertainment, awaits Australian regulatory approval for completion in Q3 2025.

A sign adorns the main headquarters for property classifieds website operator Domain Holdings Australia Ltd in Sydney, Australia, February 19, 2018. REUTERS/David Gray/File Photo
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Overview

  • U.S.-based CoStar Group will acquire Australia's Domain Holdings for an enterprise value of A$3 billion (US$1.92 billion).
  • The deal includes purchasing Domain’s remaining shares at A$4.43 per share, a 4.2% premium over the last closing price.
  • Domain’s board and majority owner Nine Entertainment have unanimously endorsed the takeover, barring a superior offer.
  • The acquisition is pending review by Australia’s Foreign Investment Review Board and is expected to close in the third quarter of 2025.
  • Domain may issue a special dividend of up to A$0.10 per share, potentially reducing the deal's total value.