The CoStar (CSGP) Announces Acquisition of Homesnap for $250M - BUILD SHOPIFY WEBSITE AND STORE Last month, it agreed to buy HomeSnap, a vendor of real estate agent software, for $250 million . CoStar Group (NASDAQ: CSGP), the leading provider of commercial real estate data, has grown by acquisition quite a bit in recent years, buying Lands of America, Ten-X Commercial, STR, LoopNet⦠docket no. Zacks Investment Research. You can see the complete list of today’s Zacks #1 Rank stocks here. It could become the mother of all technological revolutions. Homesnap recently announced that it was being acquired for $250 million by CoStar Group, a publicly traded company that is the leading provider of commercial real estate information and marketing. Such statements are based upon the current beliefs and expectations of management of CoStar and are subject to significant risks and uncertainties. CoStar has completed an 18-month process of integrating its database with its public LoopNet listing service, and it plans to roll out a revamped platform for users late Friday night. In 1998, the company became a public company via an initial public offering on the NASDAQ, raising $22.5 million. LoopNet has requested that NASDAQ suspend trading of its common stock prior to the open of trading on May 1, 2012. CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that ... âThe acquisition ⦠Germany-based ⦠"We are very pleased that we can begin integrating these two successful companies that have been at the forefront of innovation in the commercial real estate industry,” said Andrew C. Florance, Founder and Chief Executive Officer of CoStar. complaint, august 29, 2012 â decision, august 29, 2012 While the company announced the purchase of RentPath for $588 million in cash in February 2020, the transaction is yet to be concluded as regulatory approval remains pending. An audio recording of the conference call will be available for replay approximately one hour after the call's completion and will remain available for a period of time following the call. Consequently, real estate agents who have access to the app number more than 1.1 million. WASHINGTON, DC, April 30, 2012 - CoStar Group, Inc. (NASDAQ:CSGP) announced today that it has completed its acquisition of LoopNet, Inc. previously announced on April 27, 2011, creating the premier information, marketing and analytics company in commercial real estate. “Our strategy is to invest in strengthening LoopNet’s products and services.”. "We believe our products and services, diversified client base, comprehensive geographic footprint and economies of scale will drive significant synergies, which we believe can lead to increased stockholder value and a stronger, integrated platform for our customers. The combined company will retain the name CoStar Group, Inc. and will continue to trade on the NASDAQ Global Select Market under the ticker symbol CSGP. CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote. CoStar has been on an acquisition spree to boost its footprint in the real estate vertical. The D.C.-based commercial real estate data giant announced Tuesday it acquired Emporis, a Hamburg, Germany-based firm with data on 700,000 buildings across 100 countries. CoStar stated that more than 300,000 agents utilize Homesnap’s apps at an average rate of 30 times per month. CoStar Group was founded in 1987 by Andrew C. Florance in Washington, D.C. To listen to the conference call over the Internet, please access the audio webcast link available in the Investors section of CoStar's website at, CoStar Group (NASDAQ: CSGP) is commercial real estate's leading provider of information, marketing and analytic services. CoStar on Acquisition Spree to Expand Footprint. In the third quarter of 2020, CoStar delivered total revenue of $426 million, up 21% from the previous year and including an all-time sales high for LoopNet. WASHINGTON, DC, April 30, 2012 -- CoStar Group, Inc. (NASDAQ:CSGP) announced today that it has completed its acquisition of LoopNet, Inc. previously announced on April 27, 2011, creating the premier information, marketing and analytics company in commercial real estate. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. D.C.-based CoStar (NYSE: CSGP) will acquire the Bethesda residential real estate software company in a transaction expected to close before the end of 2020. Commercial real estate data company CoStar Group Inc. has acquired San Francisco-based competitor LoopNet Inc. for $860 million. And CoStar is one of several bidders in the potential sale of residential real estate data provider CoreLogic, with a market cap of $6 billion . WASHINGTONâ CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace insights for global hospitality sectors. As previously announced, the ⦠The acquisition brings D.C.-based CoStarâs total active listings to 2 million. CoStar Group, Inc. (NASDAQ:CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. To participate in the conference call, please dial (800) 230-1093 (from the United States and Canada) or (612) 288-0329 (from all other countries) and refer to conference code 247060. In 2020, to address rapid changes occurring in the COVID-19 commercial real estate market, the company added significant virtual tour capabilities. CoStar Management to Hold Conference Call at 8:00 AM May 14 to Discuss CoStar Group, Inc. (NASDAQ: CSGP ) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it plans to acquire Ten-X for $190 million in cash. Listings databases provide a means for parties to CRE transactions to publicize and to search for available properties for sale and for lease. Actual results may differ materially from the results anticipated in the forward-looking statements. Additional factors that could cause results to differ materially from those anticipated in the forward-looking statements can be found in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2011, CoStar’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, LoopNet’s Annual Report on Form 10-K for the year ended December 31, 2011, and LoopNet’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, each filed with the SEC, including in the “Risk Factors” section of each of these filings, and each company’s other filings with the SEC available at the SEC’s website (www.sec.gov). At the third-quarter 2020 earnings conference call, management highlighted that the number of qualified bidders rose 47% on Ten-X platform. For video troubleshooting and help click here. Since 2016, Homesnap’s monthly active user base witnessed a CAGR of 40%, added CoStar. LoopNet.com has 5.8 million registered members and currently has approximately 3.6 million unique monthly visitors. 111 0172 . For more information, visit www.costar.com. CoStar Group CEO Andrew Florance on the commercial real estate information company's deal to acquire LoopNet. Commercial real estate data company CoStar Group Inc. has acquired San Francisco-based competitor LoopNet Inc. for $860 million. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the ⦠CoStar will fund the deal with a $415 million loan and $50 million revolving credit facility from J.P. Morgan. Such statements include, but are not limited to, statements about CoStar's financial expectations, the company's plans, objectives, expectations and intentions and other statements including words such as “hope,” "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. In 2014, the company settled a trademark infringement lawsuit that it brought against Dotloop. in regard to alleged violations of section 5 of the federal trade commission act and section 7 of the clayton act . After LoopNet successfully sued CoStar Group for unlawful IP practices, CoStar purchased its competitor and merged into a singular entity. The D.C.-based company also acquired hotel data giant STR last year in a $450 million all-cash deal. Long-term earnings growth rate for Cirrus Logic, Qorvo and Avnet is pegged at 7.1%, 15.8% and 19%, respectively. At present, CoStar carries a Zacks Rank #3 (Hold). Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. Emporis is a commercial real estate data provider, which boasts 600,000 images in 100 countries along with 700,000 building records in its data base, added CoStar. Real-estate information provider CoStar Group, Inc. (CSGP) announced Monday completion of its acquisition of LoopNet, Inc., one of the largest online real-estate marketplace. LoopNet is the most heavily trafficked online commercial real estate marketplace.LoopNet offers detailed information about for-lease and for-sale commercial property listings, as well as businesses-for-sale listings in the United States and Canada. To participate in the conference call, please dial (800) 230-1093 (from the United States and Canada) or (612) 288-0329 (from all other countries) and refer to conference code 247060. In May 2020, CoStar announced its intent to acquire Ten-X, which is an online auction platform for commercial real estate. CoStar Group, Inc. (NASDAQ: CSGP), a Washington, D.C.-based provider of commercial real estate information, analytics and online marketplaces, is to acquire Homesnap, Inc. a ⦠The acquisitionâs completion, which CoStar announced Monday, comes more than a year after CoStar said it planned to buy San Francisco-based LoopNet in a ⦠Poll ; Watch Live. ... CoStar CEO on Acquisition of LoopNet. Closes Its Acquisition of LoopNet, Inc. WASHINGTON, DC, April 30, 2012 -- CoStar Group, Inc. (NASDAQ:CSGP) announced today that it has completed its acquisition of LoopNet, Inc. previously announced on April 27, 2011, creating the premier information, marketing and analytics company in commercial real estate. In 2012, when CoStar acquired LoopNet for $860M, the FTC required CoStar to divest LoopNet's interest in real estate data operation Xceligent, which was acquired at ⦠As of July 2020, CoStar Group's affiliated sites including most prominently, LoopNet, had more than 11 million unique monthly visitors. WASHINGTON - June 24, 2020 - CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has completed the previously announced acquisition of Ten-X for $190 million in cash. CoStar Group Closes Acquisition of Ten-X Commercial, the Leading Digital Auction Platform for Commercial Real Estate June 24, 2020 09:02 AM Eastern Daylight Time The webcast replay will also be available in the Investors section of CoStar's website for a period of time following the call. The company is working on combining Ten-X operations with LoopNet and CoStar platform to enhance the visibility for auctions on Ten-X platform. CoStar Group (NASDAQ: CSGP) is commercial real estate's leading provider of information, marketing and analytic services. In June 2020, management acquired Ten-X ⦠Man Who Bought Netflix at $7.78 Says Buy This Now, Avnet, Inc. (AVT) : Free Stock Analysis Report, CoStar Group, Inc. (CSGP) : Free Stock Analysis Report, Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report, Qorvo, Inc. (QRVO) : Free Stock Analysis Report. In April 17 filings with the Securities and Exchange Commission, the companies said they hope to complete the merger they have been planning for a year by April 30. These seven tips for determining your homeowner lifestyle can help narrow down the dream home that’s best for you. To access the recorded conference call, (800) 475-6701 (from the U.S. and Canada) or (320) 365-3844 (from all other countries) using access code 247060. CoStar is also eyeing to launch data collection services in 50 international cities over the next two years. Following its acquisition of LoopNet in 2012, CoStar Group is now valued at over $15 billion and boasts over 3,700 employees. CoStar has been on an acquisition spree to boost its footprint in the real estate vertical. Per the company, the residential market in the United States is worth $27 trillion, while the commercial real estate market is valued at $16 trillion. CoStar management will conduct a conference call to discuss the closing of the LoopNet transaction and to provide combined 2012 guidance for the companies beginning at 4:30 PM EDT on Wednesday, May 2, 2012. LoopNet LoopNet is an online marketplace for commercial real estate and businesses for sale in the United States. The acquisition brings D.C.-based CoStarâs total active listings to 2 million. With the Homesnap buyout, CoStar is looking to expand its addressable market in the U.S. residential real estate vertical. CoStar Group, Inc. Washington, DC 20005. [cre blog] CoStar completes LoopNet acquisition By: Darren Currin May 1, 2012 1 Comment This week appears to be a big one in terms of news related to commercial real estate research firms. “The LoopNet brand is important,” stated Florance. The acquisition, subject to regulatory and customary conditions, is expected to conclude by the end of 2020. CoStar has been on an acquisition spree to boost its footprint in the real estate vertical. Homesnap’s well-known app — Homesnap Pro — is backed by majority of multiple listing services (MLSs) across United States. CoStar does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. powered by. CoStar's acquisition of LoopNet presents antitrust concerns in the markets for CRE listings databases and CRE information services. [cre blog] CoStar completes LoopNet acquisition By: Darren Currin May 1, 2012 1 Comment This week appears to be a big one in terms of news related to commercial real estate ⦠CoStar on Acquisition Spree to Expand Footprint. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Today, you can download 7 Best Stocks for the Next 30 Days. In the last clash between the regulator and the company, CoStar was on the cusp of being a massive market changer after it and competitor LoopNet had agreed to a landmark, $860M acquisition ⦠In May 2020, CoStar announced its intent to acquire Ten-X, which is an online auction platform for commercial real estate. To read this article on Zacks.com click here. In 2004, CoStar Group, Inc. v. LoopNet, Inc. became a landmark case in copyright law. CoStar Group, Inc. CSGP announced the acquisition of Homesnap Inc in an all cash deal worth $250 million. In June 2020, management acquired Ten-X for $190 million. costar group, inc. 213 complaint in the matter of costar group, inc., lonestar acquisition sub, inc. and loopnet, inc. consent order, etc. Commercial real estate data giant CoStar Group has acquired real estate data company Emporis, a move that will boost its European presence. CoStar is commercial real estate's leading provider of information and analytic services and LoopNet is the leading online commercial real estate marketplace. Founded in 1987, CoStar ⦠Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. In 2004, CoStar Group, Inc. v. LoopNet, Inc. became a landmark case in copyright law. Pursuant to the merger agreement, LoopNet shareholders will receive $16.50 in cash and 0.03702 shares of CoStar Group common stock for each share of LoopNet common stock, representing a ⦠CoStar Group was founded in 1987 by Andrew C. Florance in Washington, D.C. CoStar Group (NASDAQ: CSGP), the leading provider of commercial real estate data, has grown by acquisition quite a bit in recent years, buying Lands of ⦠CoStarâs most recent acquisition activity has focused on the for-sale residential sector. 1331 L Street, NW WASHINGTONâ CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace insights for global hospitality sectors. CoStar Group, Inc., one of the worldâs largest providers of commercial real-estate information and analytics, has taken its first major step into ⦠It ⦠In May 2020, CoStar announced its intent to acquire Ten-X, which is an online auction platform for commercial real estate. Also, the number of property listings across the United States on CoStar’s platform will increase to 2.6 million compared with 1.35 million listings earlier. CoStar will fund the deal with a $415 million loan and $50 million revolving credit facility from J.P. Morgan. CoStar is also focused on expanding its presence in the international markets. Management considers revenue growth opportunity in international territories to be more than double compared with the revenue growth opportunity in North America. Although CoStar has made more than a dozen acquisitions since its founding by Florance in 1987, the LoopNet deal is by far the largest, topping its acquisition of Comps.com in 2000. requires CoStar and LoopNet to continue to offer their customers certain core products on a stand-alone basis for three years after the acquisition. CoStar Group, Inc. CSGP announced the acquisition of Homesnap Inc in an all cash deal worth $250 million. In April 2012, CoStar Group acquired LoopNet for approximately $860 million in cash and stock. When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. The FTC required CoStar Group, the largest provider of commercial real estate information services in the United States, to sell LoopNet's ownership interest in Xceligent, under an order settling charges that CoStar's $860 million acquisition of LoopNet would be anticompetitive. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 5.8 million registered members and 3.6 million unique monthly visitors. CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Acquisition search results. Headquartered in Bethesda, Homesnap provides applications and technology services to real estate agents. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. District-based CoStar Group Inc. has completed its $860 million acquisition of rival commercial real estate data firm LoopNet Inc. after clearing a key regulatory obstacle late last week. Some better-ranked stocks in the broader technology sector are Cirrus Logic CRUS, Qorvo QRVO, and Avnet AVT. That deal closed in the spring of 2012. For more information, visit. All sport a Zacks Rank #1 (Strong Buy). CoStar Group founder Andy Florance is the son of a Realtor, a Princeton graduate and an engineer who coded the first CoreLogic product before there was a ⦠The following factors, among others, could cause or contribute to such differences: the risk that the combination of CoStar and LoopNet does not result in or create the anticipated benefits for CoStar; the risk that the combined entity is unable to drive significant revenue and cost synergies and lead to increased stockholder value, and a stronger, integrated platform for customers; the possibility that the combined entity’s operational plans or future strategy changes; the possibility that the sale of LoopNet’s interest in Xceligent does not close when expected or at all; the possibility that the public comment and final acceptance process for the Consent Order could result in further regulatory implications; the possibility that the conditions, divestitures and changes relating to the operations or assets of LoopNet and CoStar as a result of the FTC’s consent order may result in unanticipated adverse effects on the combined company; the risk that expected cost savings or other synergies from the merger may not be fully realized or may take longer to realize than expected; the risk that the businesses of LoopNet and CoStar may not be combined successfully or in a timely and cost-efficient manner; and the risk that business disruption relating to the merger may be greater than expected. 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