Judge Clears CoStar’s $588 Million Acquisition of RentPath

Real-estate data firm CoStar Group Inc. received court approval Tuesday for its $588 million acquisition of bankrupt apartment-search site operator RentPath Inc. Judge Brendan Shannon of the U.S. Bankruptcy Court in Wilmington, Del. signed off on the acquisition and RentPath’s related chapter 11 plan, clearing CoStar of a major hurdle in closing the transaction.