CoStar extends due diligence on $2.8b Domain buyout

9:28am on 28 April 2025

The news: Domain has extended its exclusivity deed with CoStar over the US property group's $2.8 billion bid for the Nine-controlled real estate platform.

The numbers: The initial four-week period of exclusivity has been extended by a further two weeks after CoStar confirmed it does not intend to vary the terms of its takeover proposal based on its due diligence investigations to date.

The context: Domain said the additional two weeks will enable CoStar to finalise its due diligence enquiries and allow the companies to finalise negotiation of definitive transaction documents.

Last month, CoStar increased its initial offer from $4.20 to $4.43 per share, valuing Domain at around $2.8 billion. Domain's shares last closed at $4.16.

The source: ASX

CoStar extends due diligence on $2.8b Domain buyout

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