SUNNYVALE, CA–CoStar Group is acquiring locally based Matterport, the producer of photorealistic 3D virtual property tours, in a $1.6 billion transaction that will be split evenly between cash and stock, the companies have announced.
CoStar, the operator of leading online property marketplaces including Apartments.com, LoopNet, CoStar and Homes.com, has agreed to pay Matterport shareholders $2.75 in cash and another $2.75 in CoStar stock for each of their shares, the announcement said.
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