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Moody’s To Acquire Real Estate Data Provider for $278 Million

Financial ratings and information company Moody’s Corp. said it plans to acquire all outstanding shares of real estate data provider Reis Inc. in an all-cash transaction valued at about $278 million. Reis is a competitor to CoStar Group in providing information on commercial real estate. The acquisition expands Moody’s network of data and analytics providers in the commercial property industry, including recent investments in startups. The transaction…

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