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An announcement from Matterport ( (MTTR) ) is now available.
CoStar Group, a leader in commercial real estate information and analytics, has successfully completed its acquisition of Matterport, a pioneer in 3D digital twin technology. This merger, announced on February 28, 2025, aims to accelerate the adoption of AI-driven digital twin technology in the real estate sector. The acquisition is expected to enhance property insights and drive growth in digital twin technology, positioning the combined entity at the forefront of real estate innovation. As a result of the merger, Matterport’s shares will be delisted from Nasdaq, and its board of directors has been restructured. The merger is set to transform the real estate industry by integrating advanced AI, computer vision, and machine learning technologies.
More about Matterport
YTD Price Performance: 10.25%
Average Trading Volume: 4,270,989
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.76B
For an in-depth examination of MTTR stock, go to TipRanks’ Stock Analysis page.