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.