Very Interesting News for Real Estate online search engines. Zillow is large and easy to search, but highly inaccurate for Buyer and Sellers. Its my pleasure to let you know we have just announced that Zillow has entered into a definitive agreement to acquire Trulia. You can read the full press release here. Im really excited about this opportunity, but I am sure the news will lead to a number of questions. The most important thing I can stress is that this combination of companies sets the stage for us to offer even more real estate tools and services to empower consumers, and thus has the ability to drive even more business to local real estate agents nationwide. We expect to maintain both the Zillow and Trulia consumer brands, as both will continue to offer buyers and sellers access to vital information about homes and real estate, providing an important bridge to local agents such as yourself. Both companies will continue to develop and deliver advertising and software solutions that help real estate agents grow their business. This acquisition requires shareholder and regulatory approval, which might take several months. We will provide additional details as they become available. For now, its business as usual for both companies. Our daily focus and strong commitment to local agents remain unchanged and of the utmost importance to our entire team. Regards, Spencer Rascoff Zillow CEO
Posted on: Mon, 28 Jul 2014 22:43:25 +0000
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