Zillow to Buy Trulia for $3.5 Billion in Stock

Zillow was founded in 2005 and is public on the Nasdaq under the symbol Z. Trulia was founded in 2005 and is public on the NYSE under the symbol TRLA. Zillow announced today, 7/28/14, that they would purchase Trulia for $3.5 billion in stock, although the deal is not going to close until sometime in 2015. Zillow’s CEO will run the combined company and both brands are going to remain after the acquisition.

About Zillow in Their Own Words:
zillow-250 “Our mission is to empower consumers with information and tools to make smart decisions about homes, real estate and mortgages.” “….It starts with our living database of more than 110 million U.S. homes – including homes for sale, homes for rent and homes not currently on the market.” Zillow about page.

About Trulia in Their Own Words:
trulia-250 “…giving consumers the information they need, helping professionals build their businesses, and creating additional value in adjacent markets.” “..Trulia offers 15 mobile apps across multiple platforms, including dedicated apps for renters, mortgage seekers, and agents. Trulia attracts more than 51 million unique house hunters every month, and during peak periods on the weekends, the majority of the traffic is now coming via mobile devices.” Trulia about page.

Articles:
CNBC
NY Times

Are you ready for Shark week?

Shark week begins August 10th. It is impressed that “Shark week“, as it is called, has become as popular as it has. Discovery channel created Shark week back in 1987.

shark week live camerasThere are two interesting Facts
It is not just a one time show, but is a week long event and the longest running cable television programming event in history. The week long event is now broadcast in over 72 countries. Longest running cable television event and broadcast in 72 countries are two impressive facts.

Pushing the Envelope
Each year the Discovery channel adds more interesting content. You can now watch a 24×7 live camera from the national aquarium at the Discovery website. While these are sharks in captivity the benefit is that they are very visible due to the lighting.

What are you Wearing for Shark Week?
Blu Kicks have an entire line of men’s and women’s shoes with amazing designs related to various species of fish. They also provide a portion of every sale to help protect threatened habitats through their giving back program. They donate to the Bonefish and Tarpon Trust, WildAid and For the Fishes. They are all fish related charities.

To pay homage to shark week, take a look at this shark shoe for women and the unique design.

shark shoe design

shark shoe sole

Take a look at these Shark specific designed shoes and all the shoes that Blu Kicks has. You can support a great cause by supporting them.

Does it Make Sense for GoPro Stockholders to take $213.6 Million?

GoPro recently went public on the Nasdaq:GPRO. Regardless of whether you think it is worth the current valuation or not, what do you think about the stock sold and by whom?

Typically we think of a company going public as a way to raise money for the company itself. For example, let us assume a company sells 1,000,000 shares for $10 at their public offering. The company ends up with $10,000,000 to help the company grow. After all that is what investors who are buying the stock assume the proceeds are going to be used for.

According to Reuters here is how the stock was offered.
17.8 million shares were offered to the public which broke down into:

  • 8.9 million shares sold by the company
  • 8.9 million shares sold by stockholders

The pricing was $24 a share which breaks the proceeds down into:

  • $213.6 Million for the company to use
  • $213.6 Million for stockholders

According to Celebrity Networth here is how the family of founder Nick Woodman made out:

  • Nick Woodman (and wife): Cashed out 3,600,000 shares for $86 million. They still own a substantial portion of the company, around 48% (dailymail.co.uk).
  • Pilar Woodman (sister): Cashed out 88,000 shares for $2.1 million. She still owns 562,433 shares.
  • Andrea Moody (sister): Cashed out 108,000 shares for $2.6 million. She still owns 972,000 shares.
  • Concepcion Federman (mother): Sold 15,000 shares for $360,000. She still owns 285,000 shares.
  • Dean Woodman (father): Initially sold part of his stock to a VC fund for about $7 million. He still owns 7.25 million shares.

When you look at the contributions, this group of individuals founded the company, seed funded it, work at it and made it what it is today. They deserve every penny and worked hard for it.

However, there was a total of $8.9 million shares sold at the IPO for half the raised capital which did not go to the company, that seems like a lot and thankfully all that information is public as it is important for current shareholders and potential new ones to understand.

Is Groupon a Sleeper?

Groupon (Nasdaq:GRPN) has seen better days. The stock price has also seen worse days. Lately it has been hovering closer to it’s all time low than the all time high. Recently the stock price took another dip and it was said to have been due to the Illinois sales tax. I have read many articles about Groupon this year and each has been informative from one angle or another on their business model.

I just read the best article on Groupon that I have seen in a while from the Motley Fool entitled 3 Reasons Now May Be the Time to Buy Groupon Inc. I do not want to steal their thunder so I recommend you read their article. Particularly read the paragraph and their analysis of why Groupon may be Better than Amazon.com or eBay.

5 Year Stock Price Chart

Here is a chart, courtesy of Yahoo Finance, for the last 5 years of Groupon’s stock price.

groupon stock price

Do read the Motley’s article for a well researched analysis. They point out that Groupon’s Deals business is growing revenue per year at a much faster rate than Amazon.com or eBay, and the company repurchased shares at nearly double the current stock price over the last year. (in their last paragraph).

$1.99 GoDaddy Domain Coupon

It’s back. The $1.99 domain coupon has returned. For the last 2 months domains at GoDaddy were $2.95 but now for the month of May they are just $1.99.

special offer

We keep a list of all the latest deals that are offered and update them monthly, weekly and in some cases daily.

testimonialKeep an eye out for the best deals in domains, hosting, ssl certificates, and percentages off on our coupon page. Since my favorite domain provider is GoDaddy, and this blog receives revenue from the deals you take advantage of, we are sure to keep the best deals posted as we both benefit.