Real Estate Info Cos. Advance $860M Merger With FTC Deal

Law360, New York (April 18, 2012, 3:52 PM EDT) -- Real estate information provider CoStar Group Inc.'s planned $860 million acquisition of rival LoopNet Inc. is on the verge of closing after the companies said Tuesday that they had reached a tentative deal with the Federal Trade Commission to address competition concerns.

LoopNet informed shareholders in a U.S. Securities and Exchange Commission filing that the companies and the FTC's staff had agreed on a consent order that was “mutually acceptable.” If approved by the full commission, the rival online listing and analysis services will be able...
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