CoreLogic Finds a Buyer

February 4, 2021
Share this Post: 

Breaking news, CoreLogic has finally found a buyer. Yesterday, we reported that CoStar had set to bid for the proptech company with $6.7 billion, but the competition is officially over. 

Taking a bid of $6 billion, private equity firms Stone Point Capital and Insight Partners, have agreed to buy CoreLogic, beating out not only CoStar, but Warburg Pincus, which was bidding with a very tempting all-stock offer. 

The sale price amounts to $80 a share, making it a 51% premium on CoreLogic’s stock price compared to June’s record.

CoreLogic competes with the biggest names in the North American market, including Zillow, Redfin, and Realtor.com. CoStar has been wedging itself into the real estate data sector, making CoreLogic an important asset to acquire. 

CoStar has been building momentum when it comes to acquisitions, having recently bought out Homesnap.

February 4, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Rightmove Opt 1
Rightmove Appoints Former Just Eat MD, Matthew Bushby as Its New CMO

British market leader Rightmove has announced the appointment of Matthew Bushby as its new Chief Marketing Officer. Bushby joins the...

Read More
Shutterstock 603344765
Casai Merges with Fellow LatAm Short Term Rentals Specialist Nomah After Job Losses

The Mexican short-term rentals marketplace operator Casai has merged with its Brazilian counterpart Nomah. Existing investors including a16z and Monashees...

Read More
Shutterstock 147091049
REA India Sidesteps Agents with Country's First User Subscription Service - 'Housing Premium'

The REA India-owned real estate portal Housing.com has announced the launch of a new user subscription service that aims to...

Read More
Boligportal
North Media Posts Q2 Financial Results—BoligPortal on Track

North Media, the media group and operator of Danish Portal BoligPortal, released its Q2 2022 financial report, with results "as...

Read More

Editor's Pick