CoStar blinks. Withdrawals bid for CoreLogic

CoStar Group Withdraws Bid to Acquire CoreLogic

CoStar Group continues to believe that a strategic combination of CoStar and CoreLogic had the potential to create significant value for all shareholders, and that CoreLogic is an excellent company with a talented team. CoStar Group is committed, however, to maintaining its disciplined approach to valuation as it pursues strategic acquisitions.

Mr. Florance continued, “We wish to congratulate Stone Point and Insight Partners on their successful bid to acquire CoreLogic. We thank the CoreLogic Board and management team for including us in the process and congratulate them on achieving a strong valuation for their shareholders.”

Looks like the holiday party is back on.