09:39 AM EDT, 04/22/2024 (MT Newswires) -- CoStar Group ( CSGP ) agreed to acquire Matterport ( MTTR ) in a cash-and-stock deal valued at $5.50 per share, reflecting an enterprise value of an estimated $1.6 billion, the companies said Monday.

Under the deal, Matterport ( MTTR ) shareholders will get $2.75 in cash and $2.75 in CoStar ( CSGP ) common shares for each Matterport ( MTTR ) common share, according to the companies.