CoStar Group Reaches Definitive Deal To Acquire Visual Lease; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
CoStar Group has reached a definitive agreement to acquire Visual Lease, aiming to enhance its Real Estate Manager business line. The acquisition is expected to provide additional lease management and accounting value to corporations. Financial terms of the deal were not disclosed.
October 22, 2024 | 8:12 pm
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CoStar Group's acquisition of Visual Lease is a strategic move to enhance its Real Estate Manager business line, potentially increasing its market share in lease management and accounting services. The financial terms were not disclosed.
The acquisition is a strategic enhancement to CoStar Group's existing business line, likely to improve its service offerings and market position in lease management. This could positively impact CSGP's stock price in the short term.
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