CoStar completed the acquisition of Domain from Nine Entertainment for AUD2.8bn.

CoStar, a provider of online real estate marketplaces, information and analytics in the property markets, completed the acquisition of Domain, a real estate company, from Nine Entertainment, a media and entertainment company, for AUD2.8bn. “Today marks an important milestone as CoStar Group and Domain officially come together to redefine the Australian property market. For too long, agents, buyers and vendors have faced an unbalanced marketplace dominated by an intention to extract value rather than deliver it. Our vision is different. We are building a more compelling user experience at a lower cost – driving greater value for agents, vendors, and buyers alike. We are the agent’s ally, and we will never operate at their expense,” Andy Florance, CoStar Group Founder and CEO.