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Zillow Inc announces acquisition of Trulia for $3.5 bln in stock

Monday, 28 Jul 2014 08:34am EDT 

Zillow Inc:Entered into a definitive agreement to acquire Trulia Inc.For $3.5 billion in a stock-for-stock transaction.Says the Boards of Directors of both companies have approved the transaction, which is expected to close in 2015.Combined company will maintain both the Zillow and Trulia consumer brands, offering buyers, sellers, homeowners and renters access to vital information about homes and real estate for free, and providing advertising. 

Company Quote

-2.29 -4.97%
22 Oct 2014