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.