CoStar withdraws $7bn-plus bid for CoreLogic
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CoStar withdraws $7bn-plus bid for CoreLogic

CoreLogic logo Irvine CA.jpg

CoStar has withdrawn its bid for CoreLogic, leaving the property data and analytics company’s agreed $6bn takeover deal with Stone Point and Insight Partners untroubled.

In a statement CoStar CEO and president Andrew Florance said that rising interest rates had caused valuations of residential property technology companies to decline in recent weeks and that “now is not time for us to aggressively buy into...

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