Zillow

News Byte

Zillow Moves Further Into Rentals With the Acquisition of HotPads

Tricia Duryee in Commerce on November 26, 2012 at 1:05 pm PT

Zillow has agreed to acquire HotPads, a rental listings site, for $16 million in cash. The acquisition marks the Seattle company’s sixth in less than two years. Zillow said the seven-year-old company will help grow the audience for its rental marketplace, which it launched last month. HotPads has 19 employees, who will continue to work from the company’s San Francisco office.

News Byte

Zillow Acquires Buyfolio to Make Home-Buying More Collaborative

Tricia Duryee in Commerce on October 31, 2012 at 1:05 pm PT

For Zillow’s fourth acquisition, the Seattle-based online real estate company has purchased Buyfolio, a collaborative shopping platform where home shoppers can search, track, organize and discuss listings with others. Terms of the deal were not disclosed. Buyfolio’s co-founders, Matt and Susan Daimler, will continue working for Zillow from its New York City office. Zillow plans to make the company’s tools available to its agents and brokerages nationwide.

News Byte

Trulia Aims High, Prices IPO at $17 a Share

John Murrell in News on September 19, 2012 at 4:49 pm PT

Analysts were expecting real estate marketplace Trulia to set its IPO price somewhere in the $14 to $16 neighborhood, but the market must have looked favorable, because TRLA will debut at $17 on the NYSE tomorrow. The six-million-share offering (one million of that from existing investors) will bring in $102 million. In going public, Trulia follows sector leader Zillow, which hit the market last year at $20 and closed Wednesday at $45.55.