CoStar Group to acquire RentPath from Chapter 11 bankruptcy
Clients CoStar Group, Inc.
Jones Day is advising CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, in connection with its $588 million acquisition of RentPath from a Chapter 11 bankruptcy process. RentPath's primary service is digital marketing for rental properties through a network of Internet listing websites (including Rent.Com, ApartmentGuide.com, Rentals.com, and Lovely.com). The closing of the transaction is subject to various conditions, including approval by the bankruptcy court and regulatory approval.