The US FTC seeks divestiture and conduct remedies before approving an acquisition in the highly concentrated market of commercial real estate information (CoStar / Loopnet)

After a year of scrutiny, the Federal Trade Commission (FTC) resolved its competitive concerns over the merger of two firms that provide commercial real estate (CRE) listings and other data. In April 2011, CoStar Group, Inc. announced plans to acquire LoopNet, Inc. for approximately $860 million. Two days ago, the FTC announced that it had approved a consent decree with CoStar and LoopNet, which sets forth the conditions to which the parties agreed for the merger to proceed. Click here to view the FTC’s announcement and the

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Leonard L. Gordon, Robert P. Davis, Lisa Jose Fales, The US FTC seeks divestiture and conduct remedies before approving an acquisition in the highly concentrated market of commercial real estate information (CoStar / Loopnet), 29 August 2012, e-Competitions Barriers to entry in the digital market, Art. N° 53017

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