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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