ZillowTrulia Deal

Dated: 07/29/2014

Views: 361

Zillow Inc. Z -3.31% and Trulia Inc., TRLA -2.49% the two online real-estate giants that announced plans to merge Monday, have a message for real-estate agents that have grown increasingly concerned about their market clout: We're partners, not competitors.Zillow, the most-trafficked real-estate website, agreed to buy Trulia, the No. 2 company, hoping to create a market behemoth that will dominate listings of homes for sale and other information that buyers and sellers covet.At Zillow's closing share price of $160.32, the company would issue about $3.5 billion in stock in the deal, which is expected to close in 2015, and value Trulia at just over $71 per share.
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Source: http://online.wsj.com/articles/zillow-to-buy-real-estate-rival-trulia-1406551333

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Wendy Todoric

Wendy is a full time realtor who enjoys selling and meeting people. She also sells Avon with her time and provides the utmost customer satisfaction. With her background in Business and Marketing and p....

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