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FTC Sues Zillow & Redfin: $100M Rental Deal Called “Illegal” | What It Means for Renters
The FTC just filed a major antitrust lawsuit against Zillow and Redfin over a $100 million rental listings deal. Regulators claim the agreement was designed to eliminate competition in multifamily rental advertising — with commitments lasting up to nine years and layoffs of 450 Redfin employees.
Zillow and Redfin deny wrongdoing, calling the partnership pro-consumer and a way to expand renter access. But the FTC says it’s “obviously anticompetitive” and is seeking structural relief, which could include divestiture or breaking apart parts of the deal.
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By Sean ReynoldsThe FTC just filed a major antitrust lawsuit against Zillow and Redfin over a $100 million rental listings deal. Regulators claim the agreement was designed to eliminate competition in multifamily rental advertising — with commitments lasting up to nine years and layoffs of 450 Redfin employees.
Zillow and Redfin deny wrongdoing, calling the partnership pro-consumer and a way to expand renter access. But the FTC says it’s “obviously anticompetitive” and is seeking structural relief, which could include divestiture or breaking apart parts of the deal.