COSTAR GROUP INC. overview

Today, CoStar Group, Inc. (NASDAQ: CSGP) announced that it has withdrawn its bid to acquire CoreLogic and terminate any further acquisition discussions. CoStar Group believes rising interest rates will negatively impact the outlook for the mortgage refinancing market. Accordingly, these rising interest rates have caused valuations for residential property technology companies to decline significantly in recent weeks, which has changed CoStar’s view of the value of CoreLogic. “With interest...

Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a revised proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the new proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $90 per share based on CoStar...

Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a superior proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Group’s closing share price on...

As of December 23, 2019, CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has been added to the NASDAQ 100 Index®, one of the world’s preeminent large-cap growth indexes. Home to the world’s leading companies such as Apple, Google, and Tesla, the NASDAQ 100 Index®, is composed of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market®. Fifty-four percent (54%) of the...

CoStar Group, Inc., today announced the expansion of its Board of Directors to nine members with the appointment of two new directors, Louise S. Sams and Robert W. Musslewhite. “As CoStar Group continues to grow and diversify our business both in product scope and internationally, I’m excited to have new members with experience in large, diverse international organizations,” said Andrew Florance, Founder and CEO of CoStar Group. “By electing Ms. Sams and Mr. Musslewhite, the Board gains...

CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended September 30, 2019, was $353 million, an increase of 15% over revenue of $306 million for the third quarter of 2018. Net income for the third quarter of 2019 was $79 million, an increase of 34% over net income of $59 million for the third quarter of 2018. EBITDA for the third quarter of 2019 was $113 million, an...

The Financial Accounting Standards Board (FASB) officially voted to approve delaying the effective date for a number of significant accounting standards for private companies and nonprofit organizations from December 15, 2019 to December 15, 2020. Included in these proposed changes is Accounting Standards Update (ASU) No. 2016-02, Leases (2021 calendar year). This is a one-year deferral of the effective date. The delay comes on the heels of the FASB receiving a letter from the AICPA Technical...

CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the third quarter 2019 following the market close on Tuesday, October 22, 2019. Management will conduct a conference call to discuss the third quarter results, as well as the Company’s outlook at 5:00 PM EDT that same day. To participate in the conference call, please dial (800) 230-1059 (from the United States and Canada) or (612) 234-9959 (from all other countries) and refer to conference code 472986. To listen to the...

CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it plans to acquire STR for $450 million in cash, subject to adjustments in the definitive agreements. The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions. STR was founded in 1985 as Smith Travel Research to provide performance benchmarking and comparative analytics to hotels. Over the past 34...

In honor of the National Day of Service and Remembrance, CoStar Group employees are participating in a meal packing event Sept. 11, 2019, from 1 p.m. to 5 p.m. at CoStar Group’s main headquarters in Washington DC. CoStar Group employees will package and donate 100,000 meals to local organizations supporting low-income and food-insecure residents. “CoStar Group employees are dedicated to helping improve, sustain and brighten the communities in which we live and work,” said Andrew Florance,...

CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces has signed a national five-year renewal agreement in Canada with Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. Through this agreement, CoStar will bolster Marcus & Millichap’s access to sales comps and market analytics throughout Toronto, Ottawa, Calgary, Edmonton and...

NEW YORK, NY / ACCESSWIRE / July 23, 2019 / CoStar Group, Inc. (NASDAQ: CSGP ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 23, 2019 at 5:00 PM Eastern Time. To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/company/C-981CDE8FD989E To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile. About...

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CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced an expanded agreement with Oxford Economics, the leading global economic advisory firm and provider of economic data, analysis, and forecasts. Oxford Economics will provide CoStar with the economic data and forecasts used in CoStar’s product offerings and commercial real estate forecasting models across the United States, Europe, and Canada. “We have...