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RentPath terminates agreement to be acquired by CoStar Group

Dec 29, 2020 - PR Newswire
Mergers and Acquisitions

PR Newswire

RentPath announced today that it has terminated the agreement to be acquired by CoStar Group following the FTC's decision to sue to block the transaction.  The FTC filed suit because it believes that RentPath presents a strong competitive alternative to CoStar and the merger would have eliminated that competition to the detriment of customers.  The Company believes termination of the agreement is in the best interests of its customers, employees and all of its stakeholders. ...