CoStar Group Confirms Acquisition of Zonda, a Leader in New Home Data
Reported by Dow Jones Newswires
Sentiment
Neutral
Importance
8
Price
$32.33
Mkt Cap
$13.19B
52W Low
$31.355
52W High
$97.43
Market data snapshot near publication time
Summary
CoStar Group has confirmed its acquisition of Zonda, a leading provider of new home data, analytics, and online marketplaces. This follows yesterday's report that CoStar was nearing an $800 million deal for Zonda. The acquisition is a material strategic move, expanding CoStar's offerings in the residential real estate sector.
At the time of this announcement, CSGP was trading at $32.33 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $31.36 to $97.43. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.
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