PROTECTING CONSUMERS: ATTORNEY GENERAL JONES STOPS ILLEGAL SCHEME TO ELIMINATE COMPETITION IN VIRGINIA BETWEEN ZILLOW AND REDFIN

RICHMOND, Va., Aug. 25 -- The Virginia Attorney General issued the following news release:

Protecting Consumers: Attorney General Jones Stops Illegal Scheme to Eliminate Competition in Virginia BetweenZillow and RedfinAG Jones and four other states sued after Zillow paid Redfin $100 million to shut down its apartment advertising businessRICHMOND, Va.-- Attorney General Jones, a coalition of four other attorneys general and the Federal Trade Commission (FTC) today put an end to anillegalagreement between Zillow Group, Inc. (Zillow) and Redfin Corporation (Redfin) that would have eliminated market competition for rental listings and resulted in higher rent prices for consumers. Redfin and Zillowoperatetwo of the top three largest websites fo...