The U.S. Federal Trade Commission has asked Zillow and Trulia for “additional information” related to their merger, the second request by the regulatory body. In a press release, Zillow said the request is a “standard part of the full regulatory process.”
Zillow announced its intentions to buy Trulia in late July in a stock deal valued at $3.5 billion, creating a potential juggernaut in the online real estate arena. San Francisco-based Trulia employs about 1,100, including more than 400 in Bellevue through its acquisition of Market Leader last year. Seattle-based Zillow employs 1,000, and attracts more than 80 million visitors per month.
“The companies are gathering information to respond promptly to the second request and are cooperating with the FTC in connection with its review. Both companies expect the transaction to close in 2015,” Zillow wrote in a release.
