Costar board blasted for $3B Homes.com loss
By: Brad Finkelstein | Published: 2026-02-04 18:02:31 | Source: www.nationalmortgagenews.com
The battle over Costar Group’s high-risk, money-losing Homes.com venture escalated as activist investor D.E. Shaw publicly criticized the company’s board for its handling of the $3 billion investment.
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The latest letter was signed by managing directors Edwin Jager and Michael O’Mary, and came out before the market opened on Feb. 4.
D.E. Shaw and Third Point, which
