Shares of Matterport Inc. skyrocketed Monday, after the provider of 3D “digital twins” of real-estate properties agreed to be acquired by online real-estate marketplace CoStar Group Inc. in a deal valued at $1.6 billion.
The Transaction is Expected to Increase the Development and Deployment of Matterport's Advanced AI and Digital Twin Technology The Transaction is Expected to Increase the Development and Deployment of Matterport's Advanced AI and Digital Twin Technology
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under...
RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has been chosen as a 2024 Top Workplaces USA for Richmond by the Richmond Times-Dispatch. This was the first year that CoStar Group had been considered for the award, which was informed by employee surveys...
Winners were selected by a panel of more than 660 esteemed industry professionals across 128 markets at the third annual commercial real estate awards WHITELAND, Ind. , April 8, 2024 /PRNewswire/ -- Mohr Logistics Park (MLP) was named the 2024 "Commercial Development of the Year" CoStar Impact Award winner in the Indianapolis market.
WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the first quarter of 2024. The U.S. multifamily market staged a strong rebound in demand during the first quarter of 2024, as 104,400 units were absorbed, the highest number since the third quarter of 2021. While the increase in demand was impressiv...
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