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flag US firm CoStar seeks to acquire Australian real estate platform Domain for $2.7 billion.

flag US property firm CoStar is making a potential takeover bid for Australian real estate platform Domain, after buying a 20% stake. flag Nine Entertainment, which owns 60% of Domain, may need to decide Domain's future sooner due to this bid. flag CoStar's move values Domain at $2.7 billion, a significant increase from its current $1.97 billion market value, potentially reshaping Australia's real estate classifieds market.

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