At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. CoStar, the parent company of consumer home search portal Homes.com, is set to acquire Matterport, the industry leader in the creation of digital [...]read moreWith Matterport Buy, CoStar Makes It A Ground Game
The transaction represents a premium of a whopping 212% over Matterport’s last closing share price before the deal was announced on April 22. © 2024 TechCrunch. All rights reserved. For personal use only. Source link
Matterport’s board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business [...]read moreCoStar To Acquire 3D Scanning Company Matterport For $1.6B
CoStar Group is continuing to focus on expansion. The firm announced Monday that it has acquired 3D scanning company Matterport. The Andy Florance-helmed CoStar purchased all of Matterport’s outstanding shares for $5.50 each, representing a value of $2.1 billion. Through the terms of the deal, stockholders will get $2.75 per share in cash and $2.75 [...]read moreCoStar to acquire 3D scanning firm Matterport