Search
 
Analysis

This Is What CoStar Will Do If It Wins CoreLogic

The merger with CoreLogic would triple CoStar’s total addressable market in the $180 trillion global real estate industry.

By Lynn Pollack | February 17, 2021 at 07:18 AM

In a letter to CoreLogic’s Board of Directors delivered yesterday morning, the chief executive officer of CoStar Group said the company was “stunned” to read that the company had been acquired by Stone Point Capital and Insight Partners—and offered to buy CoreLogic at a higher value than its competitors. 

The Stone Point deal, which was announced February 4 and valued CoreLogic stock at $80 per share, was “materially less” than CoStar’s previous all-stock offer of $86.30 per share, CEO Andrew C. Florance said. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.