CoStar Group acquired OnTheMarket (onthemarket.com) for 110 pence per share, or GBP 94.0 million ($117.9 million), in cash; total consideration of GBP 96.0 million ($120.4 million) including a share-option liability, a transaction completed in December 2023, structured as CoStar UK acquired all issued ordinary share capital (all cash).
OnTheMarket (onthemarket.com) operates in International. On December 12, 2023, CoStar UK acquired OnTheMarket, the operator of onthemarket.com, a U.K. residential property portal, purchasing all issued ordinary share capital.
Established a U.K. residential portal presence for CoStar's international residential strategy.
Advisory firms were not disclosed for this transaction.