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CoStar to Buy Homesnap for $250 Million

CoStar to Buy Homesnap for $250 Million

CoStar Group, Inc., one of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the

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CoStar Group, Inc., one of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to paying $250 million for Homesnap Inc.

Founded in 2012, Homesnap is a fast-growing company that provides residential real-estate brokers with apps and other technology for managing and analyzing their listings as well as the broader market. About 300,000 residential agents use it an average of 30 times a month.

The…

This post first appeared on wsj.com

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