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$2.7 billion bid for Domain puts Nine in a bind

Summary by Sydney Morning Herald

The real estate site has been a sub-par performer for its majority owner, but accepting the cash offer would have profound implications for the media sector.

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Sydney Morning Herald

$2.7 billion bid for Domain puts Nine in a bind

The real estate site has been a sub-par performer for its majority owner, but accepting the cash offer would have profound implications for the media sector.

2 days ago·Sydney, Australia

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Australian Financial Review

The M&A battle for the heart of the housing market

CoStar’s offer for Domain has the backing of Nine Entertainment shareholders. But selling the family jewels comes with big consequences.

2 days ago·Sydney, Australia

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unmade.media

BotW: Domain bid starts unravelling the consolidation chain

Welcome to Best of the Week, written on a beautiful morning at Sisters Beach, Tasmania.Today: How CoStar’s bid for Domain is going to change the trajectory for Nine and the entire local media sector.If you’ve been thinking about upgrading to an Unmade membership, this is the perfect time to get access to a full year of events. Your membership includes:A complimentary ticket to all of Unmade’s events, including HumAIn (May 6), REmade (September 2…

1 day ago

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B&T

CoStar Tables $2.7B Bid For Domain

The US real estate platform is offering an all cash takeover bid of Nine’s property classifieds platform, Domain. CoStar, which owns 16.9 per cent of Domain’s shareholding, has proposed to acquire the whole business at a cost of $2.7 billion. Nine, which owns a 60 per cent stake, has previously stated that there are no […]

2 days ago

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