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US: Online real estate site acquired by CoStar

By  |  March 4, 2014

Real estate services group CoStar has reportedly inked a deal to acquire Apartments.com in a $585 million transaction.

The website, a unit of Classified Ventures, provides national retail listings and generated 114 million visits last year, say reports.

The real estate merger remains subject to regulatory approval, but according to a press release, the parties expect an early termination of the merger review waiting period.

Full Content: IBN

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