Acquiring Company
Costar Group
Acquired Company
Matterport
ArlingtonSunnyvaleManufacturingSoftwareVideoReal EstateSecurityAnalyticsCommercial Real EstateOtherInformation TechnologySoftwareData And AnalyticsDescription
CoStar Group has agreed to acquire Matterport Inc. in a cash and stock transaction valued at approximately $1.6 billion. The announcement is set to take place on April 22, 2024. This acquisition comes as CoStar aims to enhance its offerings in the commercial real estate sector. The deal represents a significant premium for Matterport's shareholders.
Quick answer
Costar Group is acquiring Matterport for $1.6 billion, announced April 22, 2024. Costar Group is based in Arlington, Virginia, United States.
- How much did Costar Group pay for Matterport?
- The reported deal value is $1.6 billion.
- What does Costar Group do?
- Costar Group, Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces.
- Where are Costar Group and Matterport based?
- Costar Group is based in Arlington, Virginia, United States. Matterport is based in Sunnyvale, California, United States.
- Who are the decision-makers at Costar Group?
- Fundz holds 2 contacts at Costar Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Costar Group, and when
When Costar Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Costar Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Costar Group, from your own LinkedIn network
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Frequently asked
Who acquired Matterport?
Matterport was acquired by Costar Group, based in Arlington. The deal was reported on April 22, 2024. Costar Group, Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces. Costar Group is publicly traded (CSGP) and operates in Manufacturing.
When did Costar Group acquire Matterport?
Costar Group's acquisition of Matterport was reported on April 22, 2024. CoStar Group has agreed to acquire Matterport Inc. in a cash and stock transaction valued at approximately $1.6 billion. The announcement is set to take place on April 22, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Matterport do?
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. It is privately held, operating in Other, and is based in Sunnyvale.
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