CoStar Group Acquires Matterport

April 22, 2024

CoStar Group has agreed to acquire all outstanding shares of Matterport in a cash-and-stock transaction valuing Matterport at an estimated $1.6 billion of enterprise value. The deal will combine Matterport's 3D digital twin and AI capabilities with CoStar's property marketplaces and analytics to enhance property listings and drive product innovation.

Buyers
CoStar Group, Inc.
Targets
Matterport, Inc.
Industry
Cloud & SaaS
Location
California, United States
Transaction Type
Buyout

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