CoStar Group Acquires Homesnap
November 22, 2020
CoStar Group, Inc. agreed to acquire Homesnap, Inc. for $250 million in cash. Homesnap, a Washington, D.C.-area residential real estate software platform used by over 300,000 agents (about 150 employees, ~$40M projected 2020 revenue), will expand CoStar's offerings into the residential real estate market and broaden its addressable market.
- Buyers
- CoStar Group, Inc.
- Targets
- Homesnap, Inc.
- Industry
- Software
- Location
- District of Columbia, United States
- Transaction Type
- Buyout
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