Costar group agrees to acquire rentpath from chapter 11 bankruptcy

Costar group agrees to acquire rentpath from chapter 11 bankruptcy.costar group expects to invest in rent.com and apartmentguide.com.signed an agreement to acquire rentpath's business for $588 million in cash.costar group- expect acquisition to add scale to apartments.com business and be highly accretive to costar earnings once fully integrated.revenue and earnings guidance related to transaction is not expected to be available until later in year.expect that rentpath's operations will continue in ordinary course..
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