Investor calls for CoStar to revamp board, abandon Homes.com

Investor calls for CoStar to revamp board, abandon Homes.com

CoStar, the real estate data company that owns Homes.com and has offices in Charlottesville and across Virginia, has a not-so-happy investor on its hands.

The D. E. Shaw Group Releases Open Letter and Presentation to the Board of Directors of CoStar Group

/PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $85 billion in investment capital and a history of...

The D. E. Shaw Group Releases Open Letter and Presentation to the Board of Directors of CoStar Group - CoStar Group (NASDAQ:CSGP)

Expresses Disappointment with the Board's Failure to Address the Company's Value Destructive Capital Spending and Longstanding Underperformance Reiterates the Need for Improved Capital Allocation and Enhanced Board Oversight Announces Intention to Support Shareholder-Driven Change at the 2026 Annual Meeting NEW YORK, Feb. 4, 2026 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $85 billion …

DE Shaw joins Third Point in urging CoStar to exit residential business

Hedge fund DE Shaw has become the second activist investor to call on CoStar Group to abandon its Homes.com-led residential business, echoing demands made recently by Daniel Loeb’s Third Point, according to a report by RisMedia. In a 4 February open letter and presentation to CoStar’s board, DE Shaw argued that urgent strategic change is needed to address prolonged share price underperformance, weak profitability and what it described as a deter…

More activist investors push CoStar to exit Homes.com business

Investors at D.E. Shaw & Co., L.P. are joining Third Point Investments in calling for CoStar to either divest or shut down Homes.com.  On Wednesday, Edwin Jager and Michael O’Mary, two managing directors at D.E. Shaw, sent an open letter to CoStar Group’s board or directors, expressing their “continued disappointment” with what they say is the board’s “refusal to address the Company’s reckless spending of shareholder capital and significant and …

Second Hedge Fund Demands CoStar Abandon Residential Business

Following on the heels of hedge fund investor Third Point’s recent demand that CoStar Group exit its Homes.com-led residential business entirely, a second hedge fund investor, the New York City-based D.E. Shaw Group, has voiced the same opinion. Even with CoStar firing back at Third Point, saying its demands reflect “their complete misunderstanding of our… The post Second Hedge Fund Demands CoStar Abandon Residential Business appeared first on R…