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CoStar Cancels Deal To Buy Apartment Rental Advertiser RentPath

Collapse of Transaction Prompts Legal Fight Over Breakup Fee
CoStar is fighting RentPath's motion in U.S. Bankruptcy Court in Wilmington, Delaware, to collect a transaction breakup fee. (CoStar)
CoStar is fighting RentPath's motion in U.S. Bankruptcy Court in Wilmington, Delaware, to collect a transaction breakup fee. (CoStar)
CoStar News
January 7, 2021 | 2:59 P.M.

Commercial real estate data firm CoStar Group ended its plan to buy RentPath out of bankruptcy and sued to block the online apartment advertiser from collecting a $58.8 million transaction “breakup fee,” alleging RentPath breached the purchase agreement.

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