Costar to Pay RentPath $52m Following Court Approval

RentPath says a settlement agreement has been reached with CoStar Group, fully resolving the litigation in the United States Bankruptcy Court of the District of Delaware regarding CoStar’s obligation to pay RentPath a $58.7m break-up fee under the terms of their terminated transaction agreement.

• Under the terms of the settlement agreement, which were approved by the Court today, CoStar will pay RentPath $52m which is 88.5% of the break-up fee, within two business days of the Court’s approval
• Co. says has entered into an agreement with Redfin to be acquired for $608m in cas
• “In Redfin we now have ...