Zillow, Inc. 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.
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