Zillow Inc. (Z), the largest U.S. real estate and home-related marketplace, announced that it has entered into a definitive agreement to acquire StreetEasy, real estate website in New York City, for $50 million in cash. The transaction is subject to satisfaction of customary closing conditions and is expected to close in the next few weeks.
StreetEasy attracts nearly 1.2 million monthly unique users, primarily home shoppers in the New York region.
StreetEasy launched in 2006 and has 34 employees. StreetEasy provides for-sale and for-rent listings through partnerships with all of the largest real estate brokerages in New York.
by RTT Staff Writer
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