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WASHINGTON, April 26 (Reuters) – Real estate information
provider CoStar Group Inc won U.S. antitrust approval
to buy LoopNet Inc with conditions, the Federal Trade
Commission said on Thursday.
CoStar had announced the $860 million deal in April 2011.
To win approval, CoStar agreed to sell LoopNet’s interest in
Xceligent, which provides data on U.S. commercial real estate,
the FTC said.
LoopNet operates the most popular commercial real estate
listings database in the United States, the FTC said.
