ASX Announcements
Market Sensitive
Media Reporting on CoStar Proposal
Scheme of Arrangement, Response to Media/Press Report/Speculation
Change of Director's Interest Notice-Matt Stanton
Change of Director’s Interest Notice
Notification of cessation of securities - DHG
Appendix 3H (Notification of cessation of securities)
Final Director's Interest Notice-Jason Pellegrino
Final Director’s Interest Notice
Initial Director's Interest Notice-Peter Tonagh
Initial Director’s Interest Notice
This Month
Nine Entertainment’s bankers in talks to sell Domain stake to CoStar
Nine’s bankers have told CoStar it would have to pay potential $4.65 a share for the media company’s 60 per cent stake in Domain.
The many problems facing the CEO of the company I work for
New Nine Entertainment chief executive Matt Stanton has a long to-do list, led by the biggest media sector deal in years.
Major shareholder Pendal urges Nine to strike a Domain deal
The fund manager pushed Nine’s acting chief executive Matt Stanton to review a takeover bid for the property platform from US giant CoStar.
REA banks on news.com to beat cashed-up Domain bidder
News Corp CEO Robert Thomson says US real estate giant CoStar, which wants to buy property portal Domain, would have to spend big on ads to compete with REA.
February
Domain surges on US property giant’s $2.7b bid
Australia’s second-biggest real estate platform has told investors it received a takeover offer from CoStar, in the first test for new CEO Greg Ellis.
The tech entrepreneur who plans to give REA Group the fight of its life
If anyone knows how to shake up the fortunes of online real estate stalwart Domain, it is Andy Florance, the founder and chief executive of US giant CoStar.
The M&A battle for the heart of the housing market
CoStar’s offer for Domain has the backing of Nine Entertainment shareholders. But selling the family jewels comes with big consequences.
Bullock admits RBA too slow; Domain rockets; Mansion smashes record
Read everything that’s happened in the news so far today.
American real estate giant CoStar eyes Domain takeover bid
Macquarie Capital was late on Thursday buying up shares in the Nine Entertainment-controlled real estate platform on behalf of the Nasdaq-listed group.
What we learnt: This is what’s behind the blue-chip battering
It was sell first, ask questions later on Thursday as some ASX big names were dumped. Why? It’s all about the outlook.
Former REA chief executive Greg Ellis to run Domain, for now
The Nine Entertainment-controlled real estate platform has been searching for a new boss since October. Appointing Mr Ellis will buy it more time.
November 2024
News Corp’s REA sues Domain for allegedly scraping listings data
Domain has rubbished the claims, arguing that REA’s lawsuit is a bid to exert market influence.
TikTok video sells $523,000 unit, avoiding fees for official listing
A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.
October 2024
The Sydney suburbs where homebuyers are seeing fair value
New Domain research has revealed the Sydney suburbs where buyers’ median search prices are the same or higher than listing prices.
Domain boss Jason Pellegrino to depart as Nine considers its future
The former Google executive has led the property platform for six years and says the time is right, while chairman Nick Falloon paid tribute to the outgoing CEO’s work.
September 2024
Britain’s Rightmove knocks back REA’s sweetened $11.5b takeover offer
The largest property listings platform in the UK still believes a takeover bid from the News Corp-backed real estate giant undervalues its business.
The $6 trillion time bomb hanging over the housing crisis
Surging construction costs and house values have priced too many younger buyers out of the market. And changing demographics mean time for action is running out.
August 2024
Nine mulls what to do with Domain stake, again
Street Talk understands Nine’s banker Michael Stock has hit the phones, seeking to test private equity interest in the ASX-listed property website.
Nine reveals how much it paid to air Paris Olympics
The rights to the Paris 2024 Olympic Games through to Brisbane 2032 cost Nine $305 million.
Real estate portal Domain the ultimate fixer-upper for Nine’s board
It’s Australia in 2024, and property is (still) king. Getting the one-time growth engine firing again would make for some very happy shareholders.