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Zillow looks to acquire rival listings site Trulia for $2B
Move would combine the two most-visited real estate websites in the U.S.
Zillow, the largest residential listings website in the U.S., is reportedly looking to acquire rival site Trulia for as much as $2 billion.
Such a move would combine the two most visited real estate websites in the U.S., Newsday reported. An agreement may be announced as soon as next week, sources with knowledge of the matter told the news site.
A spokesperson for Zillow declined to comment, while a spokesperson for Trulia told Newsday that the company does not comment on speculation.
Zillow, which went public in 2011 and has seen shares quadruple since the start of 2013, purchased New York City-based listings provider StreetEasy last August for $50 million. Six months after the acquisition, Zillow inked a 10-year lease for 13,300 square feet on the ninth floor at 130 Fifth Avenue on behalf of StreetEasy, with rent in the mid-$60s per square foot. [Newsday] — Julie Strickland