LoopNet Acquires Cityfeet.com

August 2, 2007

LoopNet, Inc. acquired Cityfeet.com for $15 million in cash, with an additional potential $3 million earnout tied to performance. The acquisition brings LoopNet the largest distribution network for commercial property listings (Cityfeet's network and ~100,000 active listings), expected to add roughly $1 million in revenue for the remainder of 2007 and expand LoopNet's distribution capabilities.

Buyers
LoopNet, Inc.
Targets
Cityfeet.com
Industry
Real Estate
Location
New York, United States
Transaction Type
Buyout

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