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Zillow to pay up to $150 million termination fee if blockbuster Trulia acquisition falls apart

Zillow’s whopping $3.5 billion bid for rival Trulia still faces regulatory scrutiny and shareholder approval, hurdles that Zillow CEO Spencer Rascoff said he does not believe will get in the way of the company’s biggest acquisition ever. Even so, if the deal falls apart, Zillow must pay a termination fee of $150 million to Trulia. Under… Read More

Spencer Rascoff

Real estate dominance: 5 reasons why Zillow is paying a big premium to buy Trulia

Why did Zillow buy its longtime rival Trulia? Stock analysts, financial journalists and real estate professionals are chewing on that one today, pontificating on the blockbuster $3.5 billion all-stock deal. I’ve watched Zillow and Trulia aggressively compete since they were started nearly 10 years ago, engaging in messy patent fights and plenty of boastful talk. With those… Read More

Zillow for Pros

Zillow buying Trulia: An industry perspective

Zillow announced that it plans to buy Trulia today for $3.5 billion, positioning the combined company as the unquestioned leader in the online real estate space. What does this deal mean for the real estate industry? And, more specifically, what does it mean for the real estate brokerages and agents who are their paying customers like… Read More

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Zillow pays $3.5 billion for longtime rival Trulia

Zillow is paying $3.5 billion to acquire Trulia, a whopping deal that will bring together the two long-time rivals and create a powerhouse in the online real estate industry. The companies announced the deal — first reported by Bloomberg News last week and the biggest acquisition in Zillow’s 9-year history — this morning. “We obviously… Read More

Greg Schwartz

Zillow exec tries to assuage real estate agents’ fears over ‘Coming Soon’ listings: We ‘don’t want to be a MLS’

SAN FRANCISCO–Zillow has taken heat from real estate professionals in recent weeks over its new “Coming Soon” feature, with some claiming that its one way for the Seattle online real estate powerhouse to bypass multiple listing services. But Zillow Chief Revenue Officer Greg Schwartz — speaking today at the Real Estate Connect Conference — says… Read More

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Zillow makes 8th acquisition, swoops up real estate data startup Retsly

Zillow today announced that it has acquired Retsly, a year-old Vancouver, B.C.-based startup that normalizes MLS data to help developers build real estate products and applications for brokers, agents, franchisors and MLSs. Retsly, a graduate of the GrowLab accelerator that had previously raised $540,000, offers a real-time API and open source SDK for integrating MLS data into real estate… Read More

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Trulia vs. Zillow: Who is growing faster?

Zillow currently has the broadest reach of any real estate website, but its competitor Trulia is starting to catch up. Today, the San Francisco-based home search company announced that it saw 54 million unique visitors to its websites and mobile properties in the month of June, up 55 percent from the same period a year ago…. Read More

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Zillow’s “Coming Soon” feature is not setting the world on fire, despite making agents hot under the collar

As it turns out, Zillow’s “Coming Soon” listings may not be such a threat to the real estate status quo, despite an outcry from agents and Multiple Listing Services around the country. Tim Ellis, operator of the Seattle Bubble blog, searched Zillow for coming soon listings, and found that they haven’t really taken off. The service,… Read More

A photo of Errol Samuelson.

Judge rules against Zillow, newly-appointed exec Errol Samuelson barred from performing many duties

Washington state Superior Court Judge Barbara Linde has granted a preliminary injunction against Zillow and its newly-hired chief industry development officer Errol Samuelson, a legal victory that comes four months after he jumped from an executive role at Move Inc. to Zillow. Samuelson and Zillow were sued shortly after his appointment in March, with Move alleging that… Read More

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Why you won’t find Zillow’s new ‘Coming Soon’ feature in its hometown of Seattle

Zillow launched its new “coming soon” feature earlier this month to much fanfare, noting at the time that it would provide “unparalleled marketing exposure to the more than 81 million home shoppers who visit Zillow every month.” But there’s one place where home shoppers won’t be seeing the “Coming Soon” listings: Zillow’s hometown of Seattle…. Read More

A photo of Errol Samuelson.

Silicon Valley real estate group inks listing deal with Zillow

Zillow continues to ink alliances with real estate groups, even as questions arise over the growing power of the Seattle online real estate company. The latest deal involves MLSListings Inc. of Northern California, which has agreed to syndicate listings directly to Zillow. Obviously, Silicon Valley is an important market, given the early adopter tech crowd;… Read More

Rich Barton

Zillow’s Rich Barton on the $15 minimum wage, Uber regulations, and why the U.S. is filled with entrepreneurial ‘freedom fighters’

Zillow co-founder Rich Barton spoke this morning at the Clinton Global Initiative meeting in Denver, appearing alongside CH2M Hill CEO Jacqueline Hinman and former Treasury Secretary Robert Rubin. The wide-ranging discussion covered everything from immigration reform to global warming to how the U.S. will keep its competitive edge in an ever-changing global economy. Barton, who… Read More

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Real estate group slams Zillow over ‘Coming Soon’ feature; Company says it’s simply shining light on homes

Not everyone is thrilled with Zillow’s new “Coming Soon” feature, an offering that launched earlier this month that allows real estate agents to generate buzz for properties before they are officially listed on any multiple listing service. Doug Miller, executive director of Consumer Advocates in American Real Estate, took the feature to task in a… Read More

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Zillow’s value passes major real estate firm, stock continues meteoric rise

Zillow is now worth more than Realogy, the parent company of Century 21, Coldwell Banker and Sotheby’s International Realty. Zillow clocked in at a hefty $5.31 billion at the end of trading on Friday, compared to Realogy’s $5.15 billion market capitalization. That cements Zillow’s position as one of the most valuable companies in residential real… Read More

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Shares of Move Inc. jump on speculation of Trulia buyout

Trulia Inc. is still digesting Market Leader following last year’s $355 million acquisition of the Bellevue online real estate company. Now, could Trulia be on the prowl for an even bigger fish? According to a Benzinga report citing an unnamed source, San Francisco-based Trulia could be angling to buy Move Inc. for as much as… Read More

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Holy, Toledo! Zillow is now worth more than $5 billion

Investors like what they see in Zillow, and they keep sending the shares higher. The Seattle online real estate company — founded by former Expedia execs Rich Barton and Lloyd Frink nearly 10 years ago — surpassed $5 billion in market value this week. That’s a whopping valuation, more than triple the value of rival… Read More

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Tech Moves: Zillow CMO named to Avvo board; Blue Box bolsters team; Dendreon CEO out; Snap Skout’s new COO and more

—Zillow Chief Marketing Officer Amy Bohutinsky has joined the board of Avvo, the Seattle company that’s building an online marketplace for legal advice. Zillow and Avvo have much in common, including ties to Expedia. Avvo was founded by former Expedia general counsel Mark Britton, while Zillow was founded by former Expedia execs Rich Barton and… Read More