CoStar Closes $800M Cash Acquisition of New-Home Platform Zonda
about 3 hours ago
CoStar Group has completed its $800 million acquisition of Zonda, a platform specializing in new home-construction data, homebuilder software, and residential real estate marketplaces. This acquisition enhances CoStar's presence in the $400 billion U.S. new-home sales market by integrating Zonda's lot-level construction and development data, software, and builder relationships with CoStar's technology and analytics. The deal also adds Zonda's residential marketplaces NewHomeSource.com and Livabl to CoStar's portfolio, expanding its consumer marketplace business into new construction and enabling richer digital home-shopping experiences.