Zillow will acquire Trulia for $3.5 billion
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
Real estate website Zillow is acquiring competitor Trulia in a deal estimated at $3.5 billion, The New York Times reports.
The Times reports that "together, the two will dominate the traffic for online home listings." Zillow reported 83 million users last month, while Trulia reported 54 million users.
"The companies know each other very well," Spencer Rascoff, Zillow's chief executive, told the Times. "We've been competitors and rivals for nine years, but I've always had respect for them." Rascoff said the merger had been in talks for roughly six weeks.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
Political cartoons for February 16Cartoons Monday’s political cartoons include President's Day, a valentine from the Epstein files, and more
-
Regent Hong Kong: a tranquil haven with a prime waterfront spotThe Week Recommends The trendy hotel recently underwent an extensive two-year revamp
-
The problem with diagnosing profound autismThe Explainer Experts are reconsidering the idea of autism as a spectrum, which could impact diagnoses and policy making for the condition
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
