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News Breaks
March 3, 2014
07:07 EDTCSGPCoStar Group to acquire for $585M in cash
CoStar Group announced it has signed an agreement to acquire, a division of Classified Ventures, for $585M in cash. The boards of directors of CoStar Group and Classified Ventures have unanimously approved the transaction, which is expected to close in Q2.
News For CSGP From The Last 14 Days
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April 30, 2015
09:34 EDTCSGPNetwork Communications announces agreement for sale of company to CoStar Group
Network Communications announced that it has entered into a definitive agreement for the sale of the company to a subsidiary of CoStar Group. In a stock transaction valued at $170M, the sale will include NCIís flagship business assets associated with Apartment Finder, FinderSocial, and FinderSites.
April 29, 2015
20:15 EDTCSGPCoStar Group holds a conference call to discuss acquisition and earnings
Management discusses the acquisition of Apartment Finder pursuant to an agreement of a plan of merger with Network Communications, earnings results for 1Q15 and the potential impact of the acquisition on the company's outlook on a conference call to be held on April 30 at 11 am. Webcast Link
17:06 EDTCSGPCoStar Group to acquire Apartment Finder for $170M
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17:03 EDTCSGPCoStar Group sees FY15 adjusted EPS $1.98-$2.08, consensus $2.07
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17:02 EDTCSGPCoStar Group sees Q2 adjusted EPS 10c-14c, consensus 25c
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16:59 EDTCSGPCoStar Group reports Q1 adjusted EPS 34c, consensus 21c
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