CoStar Group → Domain Holdings Australia
completedCoStar Group, which had already bought a ~17% stake in Domain in February 2025, agreed to acquire the rest of the Australian property marketplace by scheme of arrangement at A$4.43/share, completing in August 2025.
CoStar wanted to combine its global scale and technology (including Matterport 3D scanning) with Domain's trusted local property brands and agent relationships, rather than build an Australian competitor from scratch.
The A$4.43/share offer was a 42% premium to Domain's pre-approach trading price, well above the A$4.20/share CoStar paid for its initial stake three months earlier.
Not publicly disclosed.
Seen as validating global consolidation of property-tech marketplaces, with Matterport integration into Domain's premium listings cited as a key synergy.
Deal mechanics
Not publicly disclosed
Gilbert + Tobin (legal adviser to Domain)
CoStar bought ~17% of Domain for A$452m in February 2025, then acquired the remaining ~83% via scheme of arrangement for a further A$2.5bn
Not publicly disclosed
Not publicly disclosed; likely required FIRB clearance given CoStar is US-based
Not publicly disclosed