Matterport, Inc. (MTTR)
| Previous Close | 4.6400 |
| Open | 4.6000 |
| Bid | 4.5500 x 100 |
| Ask | 4.6400 x 100 |
| Day's Range | 4.5400 - 4.6000 |
| 52 Week Range | 1.7300 - 4.9900 |
| Volume | |
| Avg. Volume | 4,369,912 |
| Market Cap | 1.444B |
| Beta (5Y Monthly) | 1.73 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.6600 |
| Earnings Date | May 06, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 5.50 |
- Reuters
CoStar to buy Matterport in $1.6 billion deal to boost digital real estate services
The deal implies a per-share value of $5.50 and represents a premium of about 216% over Matterport's last close of $1.74. Shares of Matterport more than doubled to $4.72 and CoStar Group edged up about 0.8% at $84.90. Sunnyvale, California-based Matterport, which was founded in 2011, makes 3D cameras for virtual tours of real estate.
GlobeNewswireMatterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group
The Transaction is Expected to Increase the Development and Deployment of Matterport’s Advanced AI and Digital Twin TechnologySUNNYVALE, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ: MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to
Business WireCoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry That Makes Properties Intuitive and Interactive Online
WASHINGTON, April 22, 2024--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in
