FTC Orders CoreLogic To License Data For $661M Merger

Law360, New York (March 24, 2014, 5:26 PM EDT) -- The Federal Trade Commission on Monday cleared CoreLogic Inc.'s $661 million bid for private equity-owned rival DataQuick Information Systems Inc. on the condition that the financial, property and consumer information company license its property value data to a new market player.

The FTC worried that without the licensing provision, the deal would whittle the market for providers of national assessor and recorder bulk data down from three to two. The data includes a variety of information about properties in the U.S. used to create everything from...
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