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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