Would This Acquisition Supercharge This Top Growth Stock?
Over the past three decades, CoStar Group (NASDAQ: CSGP) has strategically used acquisitions to boost its growth. The real estate data and analytics company now has 24 companies and property-listing platforms under its umbrella and its next acquisition could be right around the corner.
News Corp. has confirmed that CoStar Group is in talks with it to purchase Move Inc., the parent company of real estate analytics leader Realtor.com. The deal is far from finalized, but it's an exciting prospect for CoStar investors.
Near the end of January 2022, news began spreading that CoStar Group was in private negotiations with Move to acquire Realtor.com for an estimated $3 billion. The talk now is that the deal is close. The transaction would give CoStar Group exposure to the residential real estate world through Realtor.com's agent services, data and analytics, and listing platform.
Source Fool.com
