Domain Confirms Key Court Date for CoStar Deal Approval

Clarifying the Timeline

Domain Holdings Australia Limited (ASX – DHG) has issued a brief but important update regarding the timing of a critical court hearing tied to its proposed scheme of arrangement with CoStar. The company confirmed that the second court hearing to approve the transaction will take place on Wednesday, 6 August 2025, correcting an earlier communication that mistakenly indicated a Friday date.

What the Hearing Means

This hearing represents a pivotal step in the regulatory and legal process that will determine whether the CoStar scheme of arrangement moves forward. Such schemes are complex corporate transactions requiring court approval to ensure fairness and compliance with Australian corporate law. For Domain, the outcome will significantly influence its strategic direction and market positioning within the competitive online property services sector.

Market and Legal Implications

While the announcement does not delve into the substance of the scheme or potential outcomes, the scheduling update underscores the ongoing legal scrutiny and procedural diligence involved. Investors and market watchers will be closely monitoring the court’s decision, as it could affect Domain’s share price and future growth prospects. The involvement of senior legal officers, including Chief Legal and Transformation Officer Catriona McGregor, highlights the importance of this phase.

Looking Ahead

With the hearing date now firmly set, attention turns to the court’s ruling and subsequent steps. Should the scheme receive approval, Domain could accelerate integration with CoStar’s resources and capabilities, potentially reshaping the Australian online real estate landscape. Conversely, any delays or complications could introduce uncertainty and require strategic recalibration.