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CoStar's Trading Volume Surges 61% to 2.77 Billion, Ranked 455th in Market as it Acquires Domain Shares

Market BriefMonday, May 12, 2025 9:02 pm ET

1min read

On May 12, 2025, CoStar's trading volume reached 2.77 billion, a 61% increase from the previous day, ranking 455th in the day's stock market. CoStar's stock price rose by 1.09%.

CoStar Group Inc has agreed to acquire Domain shares at a significant premium, further expanding its stake in the company. CoStar already owns 17% of Domain, and this acquisition will give it full control over the business. The deal involves CoStar purchasing 100% of Domain's shares at $4.43 per share, with Nine Entertainment, Domain's largest shareholder, playing a key role in the transaction.

This acquisition is part of CoStar's broader strategy to strengthen its position in the commercial real estate market. As a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology, CoStar is well-positioned to integrate Domain's assets and enhance its competitive edge. Analysts have noted that under CoStar's ownership, Domain Holdings Australia will become more competitive, potentially outpacing other players in the market.

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