AcquisitionsMay 29, 2026, 08:07 AM
CoStar Group to acquire Zonda for $800M cash
AI Summary
CoStar Group, Inc. announced it will acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplace solutions, for $800 million in cash. Zonda serves over 3,000 customers and operates prominent online marketplaces like NewHomeSource.com and Livabl. The acquisition is expected to be accretive to adjusted EPS in the first full year of ownership and is anticipated to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Key Highlights
- CoStar Group to acquire Zonda for $800 million in cash.
- Zonda is a leading provider of new home construction data, software, and marketplaces.
- Zonda serves over 3,000 customers with 104% net customer retention.
- Zonda operates NewHomeSource.com and Livabl online new home marketplaces.
- Acquisition expected to be accretive to adjusted EPS in the first full year.
- The transaction is anticipated to close in the second half of 2026.
- Closing is subject to customary conditions, including regulatory approvals.
Price Impact
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