Zillow buying Trulia in $3.5 billion stock deal - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Zillow buying Trulia in $3.5 billion stock deal

Posted: Updated:
 NEW YORK (AP) - Real estate website operator Zillow is buying competitor Trulia in a $3.5 billion all-stock deal.
    
Trulia's stock rose more than 16 percent in Monday premarket trading, while Zillow's stock fell more than 3 percent.
    
Trulia shareholders will receive 0.444 shares of Zillow common stock for each share they hold, and will own approximately 33 percent of the combined company. Zillow shareholders will receive one comparable share of the combined company and own the other two-thirds of the business.
    
Trulia Inc. CEO Pete Flint will stay in his post and remain on the board. Another Trulia director will join the combined company's board after the transaction is complete.
    
Both companies' boards approved the deal. Both companies' shareholders still must approve it. The transaction is targeted to close next year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Trader Joe's chicken, turkey salads recalled because of glass fragments

    Trader Joe's chicken, turkey salads recalled because of glass fragments

    Saturday, November 18 2017 8:39 PM EST2017-11-19 01:39:24 GMT

    WASHINGTON - The Food Safety and Inspection Service announced Saturday that Green Cuisine, a California-based company, is recalling about 36,854 lbs of chicken and turkey salad products that may be contaminated with hard silica and glass fragments. The ready-to-eat chicken and turkey salads were produced from Nov. 4 - 15, 2017.

    More >>

    WASHINGTON - The Food Safety and Inspection Service announced Saturday that Green Cuisine, a California-based company, is recalling about 36,854 lbs of chicken and turkey salad products that may be contaminated with hard silica and glass fragments. The ready-to-eat chicken and turkey salads were produced from Nov. 4 - 15, 2017.

    More >>
  • DUI suspected in rollover crash near 395 and Monroe in Deer Park

    DUI suspected in rollover crash near 395 and Monroe in Deer Park

    Saturday, November 18 2017 8:13 PM EST2017-11-19 01:13:13 GMT

    DEER PARK, Wash. - Police were investigating a two-car rollover crash near Highway 395 and Monroe in Deer Park Saturday evening.  The crash happened around 4 p.m. Officers on scene say a gray pickup truck was T-boned by a white SUV near the intersection of Highway 395 and Monroe Road. The pickup truck rolled and landed on its top.

    More >>

    DEER PARK, Wash. - Police were investigating a two-car rollover crash near Highway 395 and Monroe in Deer Park Saturday evening.  The crash happened around 4 p.m. Officers on scene say a gray pickup truck was T-boned by a white SUV near the intersection of Highway 395 and Monroe Road. The pickup truck rolled and landed on its top.

    More >>
  • Spokane Police searching for missing elderly woman

    Spokane Police searching for missing elderly woman

    Saturday, November 18 2017 7:57 PM EST2017-11-19 00:57:33 GMT

    SPOKANE, Wash. - Spokane Police are requesting media and public assistance in locating a missing elderly female. Spokane Police are requesting the public’s assistance in locating 86 year old Dorothy Ramon Gerske, she was last seen on Tuesday at 3pm, at 217 W Spokane Falls Blvd. Dorothy was last seen wearing a black sweater, red shirt, navy blue pants, brown orthopedic shoes, and glasses with a gold frame.

    More >>

    SPOKANE, Wash. - Spokane Police are requesting media and public assistance in locating a missing elderly female. Spokane Police are requesting the public’s assistance in locating 86 year old Dorothy Ramon Gerske, she was last seen on Tuesday at 3pm, at 217 W Spokane Falls Blvd. Dorothy was last seen wearing a black sweater, red shirt, navy blue pants, brown orthopedic shoes, and glasses with a gold frame.

    More >>