WSJ News Exclusive | CoStar Acquires Ten-X in $190 Million Deal
[{"id": "fqjlvpa", "text": "Congrats everyone, your costar bill just went up $30 a month.", "replies": [{"id": "fqjvbyv", "text": "Actually I hear they\u2019re just asking for your first born now", "replies": [{"id": "fqjvlra", "text": "Haha $30 / month? This is costar we\u2019re talking about. Add $1,000 / month.", "replies": [], "depth": 3}, {"id": "fqk9v6h", "text": "That's for regional access.  To get national, they also get prima nocta of your spouse", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fqjovji", "text": "Of course it did.", "replies": [], "depth": 1}, {"id": "fqjycls", "text": "I\u2019m all about more data.", "replies": [], "depth": 1}, {"id": "fqk8hiw", "text": "Holy moly\n\nThey are not worth anything close!", "replies": [], "depth": 1}, {"id": "fqklmw9", "text": "God dammit. Fuck off, Costar \ud83d\ude44", "replies": [], "depth": 1}, {"id": "fqkop6t", "text": "Ten-x is worth more.", "replies": [{"id": "fqmbumy", "text": "Costar is only buying the commercial real estate division of Ten-X LLC", "replies": [{"id": "fqodxxr", "text": "Got it. Yea I think the commercial side is worth more as well.\nI'm surprised Google let this entity go for less than a few billion. This market has so much room to mature. TenX could give any seller on Costar the ability to accept online offers and closings.\nGreat merger.\n\nI just hope this brings more supply than demand.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fql676u", "text": "One step closer to finishing the brokerage business.  They can start charging commissions to building owners on a sale now.", "replies": [{"id": "fqm6p9g", "text": "Don\u2019t know about smaller deals but I work for a big institution and using a broker is a must (even for off market deals) for CYA purposes", "replies": [], "depth": 2}], "depth": 1}, {"id": "fqllevy", "text": "That price seems 10X too low! /s", "replies": [], "depth": 1}, {"id": "fqlpaii", "text": "This makes me sad. My best deals (ok and my single-by-far worst) I've acquired through ten-x. I don't see how this changes for the better for small players like myself. Oh well, change is the only constant.", "replies": [], "depth": 1}, {"id": "fqmz6m5", "text": "Costar has a market cap of $22B.  It would only cost \\~$1B investment into research and infrastructure to create a competing platform.  Who's in?", "replies": [], "depth": 1}]