Real estate listings website Zillow will buy its biggest competitor Trulia for a whopping $3.5 billion in stock in a deal that looks set to transform the future of online house hunting.

Together, the rivals, which have been locked in fierce combat for nearly nine years, have a total 137 million web and mobile internet visitors.

The deal, which has already been approved by the boards of directors for both companies, is slated to close in 2015.

Read more

Photo Credit: Scott Eells/ Bloomberg

Bookmark and Share

Leave a Reply