Third Point, billionaire Dan Loeb’s hedge fund, abandoned its activist campaign at CoStar Group and liquidated its position in the commercial real estate data firm that has been pushing deeper into the consumer space. 
The sell-off is an abrupt shift from Third Point, which launched a public campaign in January against what it called CoStar’s “feckless board of directors that has failed to protect shareholders” from CoStar CEO Andy Florance’s “quixotic quest” to expand beyond the firm’s core business.