Following on the heels of hedge fund investor Third Point’s recent demand that CoStar Group exit its Homes.com-led residential business entirely, a second hedge fund investor, the New York City-based D.E. Shaw Group, has voiced the same opinion. Even with CoStar firing back at Third Point, saying its demands reflect “their complete misunderstanding of our…

Read More

As the corporate infighting continues between CoStar Group and billionaire investor Daniel Loeb’s hedge fund Third Point, with Third Point on Jan. 27 announcing it would seek to replace a majority of CoStar’s eight-person board, CoStar responded with a lengthy statement released on Jan. 28 highlighting new planned initiatives. “The CoStar Group Board of Directors…

Read More