Online real estate search companies Trulia Inc (NYSE:TRLA) and Zillow Inc(NASDAQ:Z) are likely to join forces.
On Thursday, media reports said Zillow may acquire its rival Trulia for $2 billion in cash and stock, creating an 800-pound gorilla in the housing search room, and sending paroxysms of apprehension in the residential brokerage business.
Trulia Inc (NYSE:TRLA) and Zillow Inc(NASDAQ:Z) Stocks off to the races
Investors, of course loved the deal, never mind that it is still to be confirmed by the two companies.
Zillow Inc(NASDAQ:Z) is up 26% post the announcement and Trulia Inc (NYSETRLA) is higher by 39%. Investors savoured the prospects of the merged company having a stranglehold on real estate listings with...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
