CoStar Group acquired Homesnap, Inc. for $250 million in cash, a transaction completed in December 2020, structured as Merger; acquired all issued and outstanding equity interests (all cash).
Homesnap, Inc. operates in North America. On December 22, 2020, CoStar acquired all of the equity interests in Homesnap, Inc., an online and mobile software platform providing user-friendly applications for residential real estate agents and brokers.
Extended CoStar's residential real estate offering with a leading agent/broker software platform.
Advisory firms were not disclosed for this transaction.