Nine Entertainment in talks with CoStar over $1.7 billion Domain bid

Reuters

2025/03/21

March 21 (Reuters) - Nine Entertainment NEC.AX said on Friday it was in talks with property data group CoStar CSGP.O over the latter's bid for the media firm-owned real estate classifieds company Domain Holdings DHG.AX.

CoStar had, in February, offered to buy out Domain, in a deal valuing the company at A$2.65 billion ($1.67 billion).

Nine owns around a 60% stake in Domain.

($1 = 1.5873 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Mohammed Safi Shamsi)

((Rishav.Chatterjee@thomsonreuters.com;))

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