CoStar To Look At New Sectors For Next Acquisitions After Failed Deals, FTC Scrutiny

CoStar Group has become a $32B commercial real estate data giant in large part through acquisitions, but that strategy has started to hit some obstacles.  
Over the last three months, CoStar has had two rare examples of high-profile acquisition pursuits falling through. One of the deals, its agreed-upon acquisition of RentPath, was blocked by a federal government antitrust lawsuit, while the second acquisition target, CoreLogic, publicly turned down CoStar’s $6.9B offer.
The failure to complete these acquisitions not only cost CoStar the time and money it spent working on the deals, it has exposed potential risks in its plan to grow, for which…

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