Deal snapshot: CoStar Group Proposes Acquisition of UK-Based OnTheMarket Residential Property Portal for GBP 100m.

MANews-(C)2009-2023

Backed by Costar Group's fortress balance sheet, the acquisition seeks to create number one UK property portal by combining the strengths of leading commercial property site, CoStar, with OnTheMarket's large network of agents, and Homes.com, a leading US residential portal, the company said.

US-based online real estate marketplace CoStar Group, Inc. (NASDAQ: CSGP)...

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