CoStar Hikes Domain Bid to $1.8 Billion to Get Foot in Door (1)

CoStar Group Inc. sweetened its offer for Domain Holdings Australia Ltd. by 5.5% to A$2.8 billion ($1.8 billion), a big enough bump to persuade the Australian property portal to open up its books.

The US real estate analytics firm offered A$4.43 in cash for the rest of the company, Domain said in a statement on Thursday. That’s up from the original bid of A$4.20 per share last month. CoStar already owns almost 17% of Domain.

CoStar told Domain that the latest proposal was its final offer, unless a rival bidder emerges. The stock dropped 4.5% to A$4.27 at 11:43 a.m. ...