Domain approves Costar sale subject to due diligence

Nathan Jolly

March 31, 2025 11:29

Domain’s board has approved Costar Group’s offer to acquire 100% of the real estate platform company, subject to due diligence, after the US group increased its offer on Friday to $4.43 per share.

Domain announced to the market on Monday morning it has entered into an exclusivity and process deed with Costar Group, helmed by billionaire Andy Florance.

The US-based Costar has a market cap of over A$50 billion (US$32.11b) and runs homes.com and apartments.com – two of the top listings sites in America.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.