CoStar Group acquired RentPath Holdings, Inc. (agreement terminated) for $587.5 million in cash (agreement later terminated; deal never closed), a transaction announced in February 2020, structured as all cash. The deal was a Asset purchase (terminated).
RentPath Holdings, Inc. (agreement terminated) operates in Multifamily / residential rental marketplaces. CoStar subsidiary CSGP Holdings agreed to acquire the reorganized RentPath, a provider of digital media services to residential real estate clients, for $587.5 million in cash through RentPath's Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the District of Delaware. The transaction was subsequently terminated after the Federal Trade Commission opposed the acquisition, and the deal never closed.
Expand the Apartments.com multifamily marketplace by acquiring RentPath's residential rental digital media business out of bankruptcy.
Advisory firms were not disclosed for this transaction.