Real Estate Independence Missouri
CoStar-LoopNet merger may benefit Xceligent (Biz Journal)
The merger of CoStar Group and LoopNet Inc. could create more business for Xceligent Inc., based in Independence, Mo. As part of CoStar’s proposed $860 million acquisition of LoopNet, the Federal Trade Commission is ordering the combined entity to sell LoopNet’s stake in Xceligent to DMG Information Inc. The FTC wants to avoid anticompetitive and monopoly issues by helping create a national competitor to the merged company. Xceligent is a real estate information company concentrated in Missouri,...
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