RentPath acquired by Redfin in 2021
After filing for chapter 11 during 2020, RentPath was a acquired by Redfin Corp. during 2021 for $608 million. The deal comes following a previous deal with CoStar Group being blocked by antitrust regulators. When the company filed for bankruptcy, RentPath announced that it needed to address its $687.7 million in long-term debt, which is the primary driver for its acquisition.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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