US real estate firm CoStar prepares $1.7 billion bid for Australia’s Domain, source says

SYDNEY (Reuters) – U.S. real estate firm CoStar is preparing an A$2.7 billion ($1.72 billion) bid for Australian property classifieds firm Domain Holdings, according to a person with direct knowledge of the matter.

($1 = 1.5689 Australian dollars)

(Reporting by Scott Murdoch; Editing by Tomasz Janowski)