Zillow Inc. (Z) is seeking to acquire rival Trulia Inc. (TRLA), people with knowledge of the matter said, in a move to combine the two most-visited U.S. real estate websites. Zillow could value Trulia at as much as $2 billion, and may pay about two-thirds of the purchase price with its own stock, said one of the people, who asked not to be identified because the information is private. Zillow rose more than 15 percent to $145.76 a share today, giving it a market value of $5.8 billion. Trulia surged 32 percent to $53.74 a share, giving it a market value of $2 billion.
Published in TZ Latest News 24 July, 2014 by The TZ Newswire Staff
Zillow wants to buy rival Trulia
Published in TZ Latest News 24 July, 2014 by The TZ Newswire Staff
Zillow wants to buy rival Trulia
Zillow Inc. (Z) is seeking to acquire rival Trulia Inc. (TRLA), people with knowledge of the matter said, in a move to combine the two most-visited U.S. real estate websites. Zillow could value Trulia at as much as $2 billion, and may pay about two-thirds of the purchase price with its own stock, said one of the people, who asked not to be identified because the information is private. Zillow rose more than 15 percent to $145.76 a share today, giving it a market value of $5.8 billion. Trulia surged 32 percent to $53.74 a share, giving it a market value of $2 billion.