CoStar acquires LoopNet (2012)
CoStar agreed to buy LoopNet, the leading online marketplace for commercial property, for about $860 million. Regulators at the Federal Trade Commission reviewed the deal and required CoStar to sell some data assets before it closed.
CoStar absorbed its biggest commercial-listings rival and settled the antitrust concerns through a divestiture.
The purchase helped CoStar lock up commercial real-estate data and marketplaces, the base it now uses to fund its residential push.
The Zonda deal follows the same playbook: buy the main data provider in a market, then bolt on marketplaces to dominate the information flow.
