The FTC sued Zillow and Redfin, claiming their deal stifles competition in online rental ads, potentially raising prices and narrowing options for renters.
SEATTLE — The Federal Trade Commission has filed suit against Zillow and Redfin, alleging the companies struck a deal earlier this year to eliminate competition in the online rental advertising market.
In a complaint filed Tuesday in U.S. District Court, the FTC said Zillow paid Redfin $100 million in February to dismantle its rental listings business, including platforms such as Zillow Rentals, Rent.com and ApartmentGuide.com.
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“Zillow paid millions
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