BUZZ-Australia's Domain jumps on CoStar's $1.7 billion buyout offer

Shares of property classifieds firm Domain Holdings DHG.AX soar as much as 49.7% to A$4.670, their biggest intraday pct gain ever

Shares hit highest since mid-February, 2022

U.S. online real estate firm CoStar CSGP.O offers to buy DHG in A$2.65 billion ($1.70 billion) deal

Offer price of A$4.20 per share is at 34.6% premium to stock's last closing price

DHG says CoStar has already acquired a 16.9% stake in co

Media co Nine Entertainment NEC.AX, which owns 60% of DHG, rises as much as 20.5%

Shares of Domain's competitor REA Group REA.AX fall up to 13.3% in its worst intraday drop since March 2020

DHG stock last up 38.1%; up ~70% YTD, including day's moves

($1 = 1.5608 Australian dollars)