Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade Z now with 

Zillow Inc. (Z: Quote), 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.

Click here to receive FREE breaking news email alerts for Zillow, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The United Nations Security Council (UNSC) on Thursday declared the ongoing Ebola outbreak in West Africa "a threat to international peace and security." Notably, the declaration was made in the Council's first emergency meeting on a public health issue. The fifteen-member Council also unanimously... Oracle Corp. said Thursday after the markets closed that its first quarter profit fell slightly from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations as did its quarterly revenue. After ending the previous session mostly higher following the Federal Reserve's monetary policy announcement, stocks saw further upside during trading on Thursday. The gains on the day lifted the Dow and the S&P 500 to new record closing highs.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.