Media Fortune Fame & Folly

RentPath sold for $608m

Redfin, the US-based real estate online platform which floated in 2017, is to acquire RentPath out of bankruptcy for $608m in cash. RentPath owns the brands ApartmentGuide.com, Rent.com and Rentals.com and the deal will unite sales and rentals in a single domain. Redfin currently claims 40m users each month. The Federal Trade Commission (FTC) had previously blocked RentPath’s sale to prospective buyer CoStar Group over competition concerns.