After the FTC spiked CoStar Group's bid to buy RentPath, Redfin has stepped in to buy the embattled operator of rental portals
RentPath petitioned a bankruptcy court in Delaware to expedite payment of a $60M breakup fee. The letter demanded payment within 2 days from the Dec. 29 filing
RentPath will instead restructure its operations and renew its focus on 'delivering value' through its search platforms, Rent.com and ApartmentGuide.com, the company said
The regulatory agency argued in a complaint that the move increases concentration in the rental listing space, eliminating the competition that drives advertising prices down
A Series D fundraising round was led by e.ventures, its first investment in the rental platform, which acquired PadMapper in 2016. More than 80 million use Zumper, according to the company
After failing to restructure $650M in debt, RentPath has placed itself on the auction block with commercial real estate data behemoth CoStar Group as the front-runner
The former Vonage exec brings mobile and marketing know-how to the position
Submarkets exist in Los Angeles where it is cheaper to buy versus rent
Rental demand has increased in various parts of Florida, and renters are especially excited about Orlando
Apartments.com parent firm will operate both popular rental sites as separate brands
Awards honor 'excellence on the Internet'
Surrounded by a team of passionate designers and builders at RentPath
Firm will continue to operate under co-founders Blake Pierson and Doug Wormhoudt