Trulia to Acquire Market Leader for $355M in Cash/Stock Deal

Trulia, Inc. TRLA “Trulia”), a leading online marketplace for homebuyers, sellers, renters and real estate professionals, announced today that it has entered into a definitive agreement to acquire Market Leader, Inc. LEDR “Market Leader”), a leading provider of Software as a Service (SaaS)-based customer relationship management (CRM) software for the real estate sector, for approximately $355 million, or an implied price of $11.33 per share (based on Trulia's closing share price on Tuesday, May 7, 2013). Market Leader's shareholders will receive $6.00 in cash and 0.1553 shares of Trulia's common stock for each share of Market Leader common stock under the terms of the agreement that was unanimously approved by the boards of directors of both companies. See full press release