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LoopNet
LoopNet is the most heavily trafficked commercial real estate marketplace online with more than 8 million registered members and 5 million unique monthly visitors.〔(to April 2012 Google Analytics data )〕 Its primary business is to provide commercial real estate listings (for sale and for lease) in the United States. In April 2012, LoopNet became a subsidiary of CoStar Group, Inc.〔(CoStar Press Release on Closure of LoopNet Acquisition, April 2012 )〕
== History ==
LoopNet was founded in 1995 by Dennis DeAndre. It rapidly acquired a user-base and underwent several rounds of private Venture Capital financing in 1997 (Indo Suez), 1998 (Trinity Capital & partners) and 1999 (multi-party investment).〔(Red Herring article, 2000 )〕 The company then was approached in late 2000 by PropertyFirst.com, a Southern California-based Internet company, that proposed a 50:50 merger between the two rivals. That merger was complete in early 2001. By 2003 it is reported to have become profitable and by 2006 it was able to float shares in an initial public offering. In April 2011, CoStar Group, Inc. announced an agreement to acquire LoopNet for about $860 million in cash and stock.〔(Reuters.com - CoStar Group to buy LoopNet for $860 mln )〕 The acquisition was finalized on April 30, 2012.〔(CoStar Press Release on Closure of LoopNet Acquisition )〕
As with many Internet sites, the site offered the bulk of its services at no cost until it built its viewer base.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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