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CoStar Group acquires Homes.com.au for $22.8M

Jun 03, 2025•7 months ago

Acquiring Company

CoStar Group

Acquired Company

Homes.com.au

ArlingtonCremorneReal EstateReal Estate

Description

CoStar Group has acquired Homes.com.au for $22.8 million, marking a strategic expansion into the Australian property listings market. This acquisition signals CoStar's intent to reshape its local presence while pursuing a larger $3 billion takeover of Domain. The move aligns with CoStar's strategy of investing in strong, brandable web real estate ahead of expansion.

Company Information

Company

CoStar Group

Location

Arlington, Virginia, United States

About

CoStar Group (NASDAQ: CSGP), is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed