(Bloomberg) -- CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter.
CoreLogic, which is evaluating the offers, is expected to decide in the coming weeks whether to proceed with a sale, said the people, asking not to be identified because the matter is private.
No final decision has been made, and CoreLogic may choose to remain independent, they added.
Representatives for CoStar, Warburg Pincus and CoreLogic declined to comment.
CoStar, based in Washington, provides data and analytics to the real estate industry. A takeover of CoreLogic would be its largest ever takeover, according to data compiled by Bloomberg.
CoreLogic, which also provides data and analytics to the real estate and mortgage industry, has been in play for months.
The Irvine, California-based company launched a strategic review in November in the midst of a boardroom battle with investors Cannae Holdings Inc. and Senator Investment Group. The duo subsequently won three seats on CoreLogic’s board.
The investors had offered to buy the company in June but pulled out of the sales process after CoreLogic said it had received indications of interest at $80 or above. The duo, which said they weren’t interested in acquiring CoreLogic at that price, had offered $66 a share to buy the company.
It’s unclear what CoStar and Warburg Pincus have offered. Warburg Pincus had teamed up with GTCR to pursue CoreLogic, Bloomberg News has previously reported. A GTCR representative didn’t respond to a request for comment.
CoreLogic fell 0.3% to $75.43 at 2:29 p.m. in New York Thursday, giving the company a market value of $5.9 billion. CoStar rose 0.2% to $901.79, giving it a market value of $35.5 billion.
Últimas Noticias
Debanhi Escobar: they secured the motel where she was found lifeless in a cistern
Members of the Specialized Prosecutor's Office in Nuevo León secured the Nueva Castilla Motel as part of the investigations into the case
The oldest person in the world died at the age of 119
Kane Tanaka lived in Japan. She was born six months earlier than George Orwell, the same year that the Wright brothers first flew, and Marie Curie became the first woman to win a Nobel Prize
Macabre find in CDMX: they left a body bagged and tied in a taxi
The body was left in the back seats of the car. It was covered with black bags and tied with industrial tape
The eagles of America will face Manchester City in a duel of legends. Here are the details
The top Mexican football champion will play a match with Pep Guardiola's squad in the Lone Star Cup
Why is it good to bring dogs out to know the world when they are puppies
A so-called protection against the spread of diseases threatens the integral development of dogs
