Domain enters binding agreement with Costar

Hal Crawford

May 9, 2025 10:19

Domain has entered a binding agreement with US real estate listings giant Costar to sell all remaining shares at $4.43, a 42% premium on the pre-bid price.

The price values Domain at around $3 billion, with majority shareholder Nine standing to pocket $1.4 billion for its 60% stake after capital gains tax.

In an announcement to the ASX giving its seal of approval, Nine said the deal “appropriately reflects the strategic value” of its stake.

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Hal Crawford

Crawford has worked across news media over a 30-year career, including running Ninemsn editorial in Sydney (editor-in-chief and publisher) and the TV3 newsroom in Auckland (chief news officer).

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