Zillow’s acquisition of Trulia just took another step towards completion today, with shareholders from both companies voting in favor of the deal. The two companies announced the results in a joint press release today, saying that they still anticipate the deal will be completed in early 2015.
Both Zillow CEO Spencer Rascoff and Trulia CEO Pete Flint were tweeting from their respective meetings this morning, with Flint posting a selfie from his meeting in San Francisco, and Rascoff sharing an image of the official vote counter reading the verdict.
Special Meeting of Stockholders @trulia $TRLA regarding Zillow merger selfie. pic.twitter.com/N5DZ4ih8Dw
— Pete Flint (@peteflint) December 18, 2014
The verdict, as read by the official vote counter. $Z $TRLA pic.twitter.com/HexnfM3mko
— Spencer Rascoff (@spencerrascoff) December 18, 2014
The two companies announced the acquisition in July, which was valued at $3.5 billion. The deal would put the two largest players in the real estate search business under one roof, though Zillow and Trulia plan to continue operating their own properties after the deal has closed. Right now, the deal is still awaiting approval from the FTC, which requested additional information about the tie-up earlier this year, pushing back the projected completion date.
Update: Shares of both companies are trading down more than 3 percent today following the news.
