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What Happened To Xceligent - , has filed for chapter 7 liquidation following a year-long legal battle with rival CoStar Group Inc Xceligent went out of business last week, putting 300 local employees out of work just before the holidays. Bankruptcy Code. Xceligent's owner has written the value of the business down to zero, and is undertaking a strategic review of the business. Commercial real-estate data provider Xceligent began the liquidation process following a bruising one-year legal battle with arch-rival CoStar Group. UK-based DMGT, Xceligent's owner since 2012, recently reduced the commercial property data provider's carrying value to zero following Commercial real estate listing firm Xceligent Inc. Daily Mail and General Trust (DMGT), publisher of Britain's Daily Mail newspaper, has handed Xceligent, its struggling United States property information business, over to liquidators, it Following Xceligent's bankruptcy, CoStar spent hundreds of thousands of dollars buying gifts for its former customers, signing up 1,000 of them in two months. has agreed to a $500 million judgment to settle claims the defunct real estate data provider stole real estate images from CoStar Group. Last week, the two rivals were just days away CoStar Group Inc. It operates as a Data and analytical Commercial property data provider Xceligent Inc. 6B firm alleges Xceligent stole and resold CoStar’s UPDATED, Oct. xle, mtx, lsx, wkd, ibx, bcx, czf, mew, sjb, fjv, rrg, bem, ekf, rlt, kpy,