Matterport Soars 173% After CoStar to Buy Company in a $1.6 Billion Deal

Seeking Alpha04-22

CoStar (NASDAQ:CSGP) said it will acquire spatial data company, Matterport (NASDAQ:MTTR) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1191697613?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-22 22:13","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1191697613","market":"us","top_or_hot":-1,"title":"Matterport Soars 173% After CoStar to Buy Company in a $1.6 Billion Deal","media":"Seeking Alpha","content":"<div>\n<p>CoStar (NASDAQ:CSGP) said it will acquire spatial data company, Matterport (NASDAQ:MTTR) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091889-costar-to-buy-matterport-in-a-16-billion-deal\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Matterport Soars 173% After CoStar to Buy Company in a $1.6 Billion Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMatterport Soars 173% After CoStar to Buy Company in a $1.6 Billion Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091889-costar-to-buy-matterport-in-a-16-billion-deal><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CoStar (NASDAQ:CSGP) said it will acquire spatial data company, Matterport (NASDAQ:MTTR) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091889-costar-to-buy-matterport-in-a-16-billion-deal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MTTR","symbol_name":"Matterport, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4091889-costar-to-buy-matterport-in-a-16-billion-deal","article_id":"1191697613","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191697613","pubTimestamp":1713795232,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"CoStar  said it will acquire spatial data company, 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 of the deal Matterport  stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group  common stock for each share of Matterport common stock.MTTR shares soared by a record 173% after resumption of trade, while CSGP up 1.9%.Matterport was founded in 2011 and develops 3D capture solutions to ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MTTR":"Matterport, Inc.","CSGP":"科斯塔"},"translate_title":"在CoStar以16亿美元收购公司后，Matterport飙升173%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSGP":1.1,"MTTR":1.1},"content_text":"CoStar (NASDAQ:CSGP) said it will acquire spatial data company, Matterport (NASDAQ:MTTR) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value.Under the terms of the deal Matterport (MTTR) stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group (CSGP) common stock for each share of Matterport common stock.MTTR shares soared by a record 173% after resumption of trade, while CSGP up 1.9%.Matterport was founded in 2011 and develops 3D capture solutions to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property.The transaction, which is expected to be completed during the year, has been unanimously approved by the MTTR board.“CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said CEO and founder of CoStar (CSGP) Andy Florance, Founder and CEO of CoStar GroupMTTR is headquartered in California and has ~440 employees, with FY revenue of $158 million.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1191697613"}