Zillow to Purchase Trulia; A Merger That Will Create a Real Estate Giant Listing Website

.

Zillow to Purchase Trulia; A Merger That Will Create a Real Estate Giant Listing

On Monday, the leading website of online real estate listings, Zillow Inc announced that it plans to buy Trulia, its main rival, for an amount of $3.5 billion in stocks.

Insides from the industry say the corporate merger likely aims at cutting the marketing costs that summed up to $382 million in the past year. By coming together, they anticipate to save some $100 million every year.

Zillow, the Seattle-based company said will acquire San Francisco-based Trulia for $3.5 billion in stock and the deal is likely to complete in 2015.

Even when the deal comes through both the well-known websites will keep their names along with the separate sites. However the merger of the two will result in a huge growing business of online real estate listings.

In June, Zillow and Trulia together had 137 million exclusive visitors said the companies which was a larger number than National Assn. of Realtors-affiliated Move Inc. which is their next biggest contender.

Both the sites, with their treasury of home listings that are searchable as well as mapable along with other data, has made it possible to alter the way Americans buy homes.

The sites give consumers the kind of information which was for a very long the included exclusively on the domain of agents as well as multiple listing services.


Latest News

1,200 Pounds of Ground Beef Recalled by Ranchers Legacy Meat Company Due to E. c
Uber Needs to Mend Ways to Correct its Image
Amazon Fire TV Stick will offer stiff competition to Neflix and Hulu Plus
New Chromebook buyers get 1TB free Google Drive storage space
China Adds Fresh Stimulus to Pep Up Growth
End of Harvest Season Results in Job Losses in Farming Sector
WalletHub Released a List of Best Deals on Black Friday
Massachusetts Regulators to Decide on Issue of Limiting time and Money for Gambl
More People Are Expected to Travel by Road during the Thanksgiving Holiday, due
Sotheby’s CEO, William Ruprecht to Step Down
Alibaba does well in the American Bond Market
Target's Holiday Season Sales Expected to Fetch Good Results