TechCrunch · AI · 3 ч назад

Zillow and Redfin settle FTC antitrust case

Zillow and Redfin reached a settlement with the FTC, which requires Redfin to reenter the rental advertising business.

Источник TechCrunch
Опубликовано 3 ч назад
Оригинальный заголовок Zillow and Redfin settle FTC antitrust case
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Подробности

Zillow and Redfin have reached a settlement with the Federal Trade Commission (FTC) and five states, ending a legal fight over a 2025 partnership that the FTC claimed hurt competition in the rental-listing market. The settlement was announced on Monday, just as the case was scheduled to head toward trial this morning.

According to the FTC and attorneys general from Arizona, Connecticut, New York, Virginia, and Washington, Zillow agreed to pay Redfin $100 million to keep Redfin from competing with Zillow.

The companies defended the partnership as a way to give renters access to a larger pool of listings. The FTC, however, argued that Zillow was paying one of its largest competitors to stop competing, potentially allowing the company to charge higher prices and provide less favorable terms to property managers. It could have also reduced the quality of rental listings available to consumers.

The Zillow-Redfin case comes just months after the DOJ’s settlement with Ticketmaster , another antitrust case involving allegations that a dominant company used its power to suppress competition. However, 26 of the 30 state attorneys general who initially sued Live Nation alongside the DOJ chose to continue pursuing the case and won their lawsuit in April.

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