US real estate firm CoStar prepares $1.7 billion bid for Australia's Domain, source says

Reuters
20 Feb
US real estate firm CoStar prepares $1.7 billion bid for Australia's Domain, source says

SYDNEY, Feb 20 (Reuters) - U.S. real estate firm CoStar CSGP.O is preparing an A$2.7 billion ($1.72 billion) bid for Australian property classifieds firm Domain HoldingsDHG.AX, according to a person with direct knowledge of the matter.

($1 = 1.5689 Australian dollars)

(Reporting by Scott MurdochEditing by Tomasz Janowski)

((Scott.Murdoch@thomsonreuters.com;))

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