CoStar Group, Inc.
CoStar Group Completes Acquisition of Matterport
Summary
On February 28, 2025, CoStar Group, Inc. completed its acquisition of Matterport, Inc., a global leader in 3D digital twin technology. The acquisition, which was previously announced, was finalized through a merger agreement dated April 21, 2024. Matterport shareholders received 0.03552 shares of CoStar Group common stock and $2.75 in cash per share of Matterport Common Stock, without interest. This strategic move aims to advance AI-driven digital twin technology across the global real estate sector. Following the completion of the acquisition, CoStar Group issued a press release to disclose the event under Regulation FD.
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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.
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