Where Real Estate Gets Its Dirt

CoStar acquires Matterport (as predicted)

Matterport soars 187% after CoStar to buy company in a $1.6 billion deal

“The transaction, which is expected to be completed during the year, has been unanimously approved by the MTTR board.

“CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said CEO and founder of CoStar (CSGP) Andy Florance, Founder and CEO of CoStar Group

MTTR is headquartered in California and has ~440 employees, with FY revenue of $158 million.”

Sinchita Mitra, Seeking Alpha

Rob and I predicted this on a November 2022 Industry Relations Episode.

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