Market Overview

Zillow Agrees to Buy HotPads for $16M in Cash

Share:
Related Z
IRES MLS Signs Direct Agreement with Zillow Group; First to Offer Members Expanded Listings Reporting
5 NASDAQ Financial Stocks With The Highest EPS Growth Forecast For Next 5 Years

Zillow, Inc. (NASDAQ: Z), the leading real estate information marketplace, today announced it has entered into a definitive agreement to buy San Francisco-based HotPads, a map-based rental and real estate search site for $16 million in cash. This is Zillow's first acquisition of a primarily consumer-facing company. The transaction is subject to satisfaction of customary closing conditions and is expected to close in the fourth quarter of 2012.

Posted-In: News M&A

 

Related Articles (Z)

Around the Web, We're Loving...

Get Benzinga's Newsletters