Proposed Consent Agreement In the Matter of CoStar Group, Inc., Lonestar Acquisition Sub, Inc., and LoopNet, Inc., FTC File No. 1110172
Thanks to the FTC for requiring CoStar to divest itself of any beneficial interest in Xceligent. I am also very happy about FTC's requiring CoStar to lift non-compete provisions in its current contracts with subscribers along with allowing current CoStar customers early termination rights in longer term contracts. FTC's actions will assure competition in this important area servicing the commercial real estate market.