logo
Share SHARE
FONT-SIZE Plus   Neg

Zillow To Acquire StreetEasy For $50 Mln In Cash - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,...
comments powered by Disqus
RELATED NEWS
Trade Z now with 
Follow RTT