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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News