Long-term shareholder Baillie Gifford has thrown its support behind CoStar Group as the real estate data provider faces mounting pressure from activist hedge funds led by Third Point and DE Shaw, according to a report by Bloomberg.
The activists have publicly criticised CoStar’s multibillion-dollar investment in loss-making residential listings platform Homes.com, calling for board changes and urging the company to consider divesting the asset to refocus on its core commercial real estate data b...
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