CoStar Agrees to Takeover of Australia's Domain
SYDNEY—U.S. real-estate analytics provider CoStar agreed to buy Australia's Domain in a deal valuing the property advertiser at about US$1.92 billion.
Domain said Friday that it entered into a takeover scheme with CoStar, which had been examining its books for the past five weeks. CoStar improved its all-cash proposal to 4.45 Australian dollars, equivalent to about US$2.85, a share.
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