From the archive, 2014. Rates, prices and market conditions described here are as they stood then. Treat the numbers as history, and the reasoning as the part that lasts.
Zillow has reached a deal to buy Trulia for $3.5 billion making according to multiple reports which would make the combined entity the largest player in the online real estate listings space.
The Wall Street Journal and New York Times both reported the deal was agreed to on Monday.
“The companies know each other very well,” Spencer Rascoff, Zillow’s chief executive, told the New York Times. “We’ve been competitors and rivals for nine years, but I’ve always had respect for them.”
Rascoff said there is little overlap of users between the two sites.
The deal is expected to close some time next year and the companies will continue to compete until then.
Filed under Market & Trends
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