Nine Entertainment in talks with CoStar over $1.7 billion Domain bid
20/03/2025 21:33
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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