Domain to expand real estate tech capabilities with $180m Realbase acquisition

Real estate listings aggregator Domain Holdings Australia (ASX: DHG) is looking to enhance its technological prowess with the $180 million acquisition of Sydney-based Realbase, a real estate campaign management technology platform.

Domain will pay $180 million in cash upfront for the privilege, plus contingent consideration of up to $50 million which may be payable should Realbase hit financial performance targets.

To fund the acquisition Domain has announced a $180 million raise, with shareholders entitled to buy securities in the company at $3.80 per share - representing a 4.9 per cent discount to Thursday’s closing price.

Read More: https://www.businessnewsaustralia.com/articles/domain-to-expand-real-estate-tech-capabilities-with--180m-realbase-acquisition.html