CoStar Group to Acquire Matterport
April 22, 2024
CoStar Group, Inc. has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash-and-stock transaction valued at about $1.6 billion enterprise value ($5.50 per share). Matterport stockholders will receive $2.75 in cash and $2.75 in CoStar Group common stock per share, and the deal is expected to close during 2024 subject to customary approvals and Matterport stockholder approval.
- Buyers
- CoStar Group, Inc.
- Targets
- Matterport
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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