Online property marketplace company, Domain Holdings (ASX:DHG) to purchase Realbase:
[for an] upfront cash consideration of A$180 million plus contingent consideration of up to A$50 million
What is Realbase?
… the largest real estate campaign management technology platform in Australia and New Zealand, providing services to agents on ~40% of all property transactions.
Domain’s largest shareholder, Nine Entertainment (ASX:NEC) is committed to taking 100% of its entitlement or ~A$106 million.
… entitlement offer to raise A$180m, offered at $3.80 per [share].
Yesterday’s close: $4.01.