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Third Point plans to launch an activist investment campaign against CoStar and may nominate several directors to join the company's board.

Third Point plans to launch an activist investment campaign against CoStar and may nominate several directors to join the company's board.

格隆汇格隆汇2026/01/27 13:52
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Glonghui, January 27th|According to Reuters, billionaire investor Daniel Loeb's hedge fund Third Point is preparing to launch an activist investment campaign against real estate data company CoStar Group. The report states that Third Point plans to nominate several directors to join CoStar's eight-member board as part of an effort to force changes at the $28 billion company. The hedge fund wants CoStar to focus on its core commercial real estate business while shutting down or selling its residential business, which has expanded in recent years to compete with Zillow Group. In addition, Third Point is seeking to cut costs, including the CEO's compensation, and plans to replace most of CoStar's board members to help boost the company's stock price.
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