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 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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Cian Going Public On Nyse
Russian Market Leader Cian Files for IPO on the NYSE

Russian market-leading real estate vertical Cian has filed with the SEC for an initial public offering on the NYSE with...

Read More
Onthemarket Coaching
OnTheMarket Offering Free Leadership Coaching to Agents

OnTheMarket has announced a partnership with business coaching firm Property Academy which will see some of the British portal's agent...

Read More
Mygate Homes And Housing Partnership
REA-Owned Ties Up Listings Syndication Deal With MyGate Homes in India

Indian property portal has announced a listings syndication deal with the newly launched FSBO marketplace MyGate Homes. The deal...

Read More
Daniel Bignold Ceo Of Propps
Ten Questions With Daniel Bignold, Founder & CEO of Propps

Like most markets right now, the Australian real estate market is super competitive. There are big bidding battles with all...

Read More

Popular News