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:
“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:
“…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.