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The Federal Trade Commission (FTC) is putting a damper on the U.S.'s largest provider of commercial real estate information services, breaking up what CoStar Group had hoped to be a lucrative combination of its services after acquiring LoopNet for $860 million. Although CoStar and LoopNet will continue to operate as a combined firm, it must sell LoopNet's ownership interest in Xceligent—a significant provider of U.S. commercial real estate information—under a proposed FTC order settling charges that the acquisition would be anticompetitive.
