Wire · operational-macro
ACQUISITIONS & MERGERS NEWS: FTC, States suffer setback in Zillow antitrust suit
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Fusion42 · 11 July 2026 · Fusion42 review
A Virginia federal court denied the FTC and five states' motion for partial summary judgment in their antitrust case against Zillow over its 2025 agreement with Redfin, finding genuine disputes of material fact about relevant markets and competitive effects. The case will proceed to trial rather than being resolved on the undisputed foundational questions the government sought to establish.
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◆ ◆ The Wire takeaway
The FTC's loss on summary judgment means Zillow's Redfin deal survives to trial, and the court will now hear competing testimony on what the real estate advertising market actually is—not the narrow ILS-only market the government defined. If you sell to real estate platforms, you now have a clearer signal on whether the regulator can actually prove anti-competitive harm in this sector, and how broadly 'advertising market' gets drawn.
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