Matterport Buyout at 216% Premium: What to Do Now

By Travis Hoium – Apr 22, 2024 at 11:19AM

NASDAQ: MTTR

Matterport

Market Cap

$1B

Today's Change

(-1.56%) -$0.07

Current Price

$4.42

Price as of May 10, 2024, 4:00 p.m. ET

A huge buyout is taking place with Matterport today.

Matterport (MTTR -1.56%) is being acquired by CoStar Group (CSGP -1.60%) for an incredible 216% premium from Friday's closing price.

In this video, Travis Hoium goes through the deal and everything you need to know.

*Stock prices used were end-of-day prices of April 22, 2024. The video was published on April 22, 2024.

Travis Hoium has positions in Matterport and Zillow Group. The Motley Fool has positions in and recommends CoStar Group, Matterport, and Zillow Group. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.