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Level of operational independence of Matterport post-acquisition by end of 2024
5
Resolution / Starting Odds
Fully integrated and no independent operations • 33%
Partially integrated with some independent operations • 33%
Operates independently • 33%
Statements and strategic operations updates from CoStar and Matterport.
Story
CoStar Acquires Matterport in $1.6B Cash and Stock Deal
Apr 22, 2024, 03:11 PM
CoStar Group has agreed to acquire Matterport, a leader in immersive 3D technology, in a transaction valued at approximately $1.6 billion. The deal, advised by Latham & Watkins LLP, involves a combination of cash and stock, with Matterport shares priced at $5.50 each, split between $2.75 in cash and $2.75 in CoStar shares. This acquisition is part of CoStar's strategic expansion in the real estate data analytics sector. Matterport, known for creating digital twins of buildings and spaces, has seen its shares surge by up to 182% following the announcement. The acquisition will integrate Matterport's technology into CoStar's extensive real estate data platform, enhancing their offerings in the digital real estate market.
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Contributes over 25% • 25%
Contributes 15-25% • 25%
Contributes 5-15% • 25%
Contributes less than 5% • 25%
Fully successful • 25%
Partially successful • 25%
Minimally successful • 25%
Unsuccessful • 25%
Poorly integrated • 25%
Moderately integrated • 25%
Well integrated • 25%
Fully integrated • 25%
Successfully disrupted most operations • 33%
Partially successful in disruptions • 33%
Unsuccessful in disrupting operations • 34%
Fully operational • 25%
Partially operational • 25%
Non-operational • 25%
Expanded further • 25%
Acquired by consortium • 33%
Acquired by different company • 33%
No acquisition, remains independent • 34%
Broad adoption • 25%
Selective adoption • 25%
Minimal adoption • 25%
No adoption • 25%
Focus on trademarks • 33%
Revert to open-source ethos • 33%
Mixed approach • 34%
Operational • 25%
Permanently Shut Down • 25%
Operational with Restrictions • 25%
Sold to Another Company • 25%
Operating Under New Management • 25%
Merged with another company • 25%
Increase significantly (>5%) • 25%
Increase slightly (1-5%) • 25%
No significant change (±1%) • 25%
Decrease • 25%
Full integration • 33%
Partial integration • 33%
Operates independently • 34%