Costar ups bid for Domain, Nine sends positive signal

Global real estate listings giant Costar has upped its bid to $4.43 plus 4c in franking credits for Nine’s listing platform Domain, according to an ASX filing by Domain.

The non-binding offer was followed by a unanimous decision by the Domain board to begin the due digilence process.

Nine, which owns 60% of Domain, signalled its approval in an ASX statement.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.