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CoStar reached a definitive agreement to buy Matterport, which creates digital real estate models.
The deal is valued at $1.6 billion.
“CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate,” said Andy Florance, founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new open house or property tour."
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