CoStar Group, Inc.
CoStar Group Announces Agreement to Acquire Matterport
Summary
On April 21, 2024, CoStar Group, Inc. announced the execution of a definitive Agreement and Plan of Merger and Reorganization with Matterport, Inc. Matterport stockholders will receive $2.75 in cash and $2.75 in CoStar Group common stock for each share of Matterport common stock, valued at $5.50 per share. The transaction is expected to close during the year, subject to Matterport stockholder approval and customary closing conditions.
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Exhibits (2)
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About CoStar Group, Inc.
CoStar Group, Inc. is a leading provider of information, analytics, and marketing services for the commercial real estate industry. The company's primary function is to offer comprehensive data solutions that professionals rely on to evaluate, buy, sell, finance, and invest in commercial properties. CoStar Group impacts sectors including real estate investment, property management, and urban planning through its databases and analytics tools. Its extensive suite of products, such as CoStar, LoopNet, and Apartments.com, delivers detailed property listings, market analysis, and a vast network for connecting buyers, sellers, and renters. Founded in 1987 and based in Washington, D.C., CoStar Group plays a crucial role in enhancing the transparency and efficiency of the real estate marketplace, serving a diverse clientele from brokers and appraisers to government agencies and developers.
Official SEC Documents
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