Zillow buying Trulia in $3.5 billion stock deal - Spokane, North Idaho News & Weather KHQ.com

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 This material may not be published, broadcast, rewritten or redistributed.)



  • Most Popular StoriesMost Popular StoriesMore>>

  • Police: Washington State University QB Tyler Hilinski dead from apparent suicide

    Police: Washington State University QB Tyler Hilinski dead from apparent suicide

    Wednesday, January 17 2018 2:05 AM EST2018-01-17 07:05:06 GMT

    PULLMAN, Wash. - Pullman Police say at around 4:30 pm, officers responded to the Aspen Village Apartments to check on the welfare of Washington State University football player Tyler Hilinski after he did not show up for practice earlier in the day. Officers arrived and found 21-year-old Hilinski deceased in the apartment with an apparent self-inflicted gunshot wound to the head.

    >>

    PULLMAN, Wash. - Pullman Police say at around 4:30 pm, officers responded to the Aspen Village Apartments to check on the welfare of Washington State University football player Tyler Hilinski after he did not show up for practice earlier in the day. Officers arrived and found 21-year-old Hilinski deceased in the apartment with an apparent self-inflicted gunshot wound to the head.

    >>
  • Brother of Spokane Valley man who drove into Hayden Lake speaks

    Brother of Spokane Valley man who drove into Hayden Lake speaks

    Tuesday, January 16 2018 9:59 PM EST2018-01-17 02:59:29 GMT

    HAYDEN, Idaho - He was a brother, son, father and loved by many. 34-year-old Christopher Lancaster lost his life tragically after crashing his car into Hayden Lake over the weekend. Now his family wants his memory to live on. Chris' brother, Dustin, say Chris had just gotten a new IT job on Friday. Now he leaves behind two sons.

    >>

    HAYDEN, Idaho - He was a brother, son, father and loved by many. 34-year-old Christopher Lancaster lost his life tragically after crashing his car into Hayden Lake over the weekend. Now his family wants his memory to live on. Chris' brother, Dustin, say Chris had just gotten a new IT job on Friday. Now he leaves behind two sons.

    >>
  • Coug nation reacts to death of WSU QB Tyler Hilinski

    Coug nation reacts to death of WSU QB Tyler Hilinski

    Wednesday, January 17 2018 1:09 AM EST2018-01-17 06:09:22 GMT

    PULLMAN, Wash. - The Washington State University community and Coug fans everywhere continue to mourn after news broke that 21-year-old quarterback Tyler Hilinski took his own life Tuesday afternoon. Friends, fans and family took to social media with the hashtag #RIP3 to discuss the loss of a special young man and a talented athlete.

    >>

    PULLMAN, Wash. - The Washington State University community and Coug fans everywhere continue to mourn after news broke that 21-year-old quarterback Tyler Hilinski took his own life Tuesday afternoon. Friends, fans and family took to social media with the hashtag #RIP3 to discuss the loss of a special young man and a talented athlete.

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

  • Disabled family says they're trapped at home after only car stolen

    Disabled family says they're trapped at home after only car stolen

    Wednesday, January 17 2018 2:08 AM EST2018-01-17 07:08:16 GMT

    SPOKANE, Wash. - A Spokane family is left disabled and distressed after someone took off with their only mode of transportation early Tuesday morning. It happened in north Spokane off N. Maple. Gayle Session and Jack Fruin are both disabled and say multiple people depend on that car to get to appointments.

    >>

    SPOKANE, Wash. - A Spokane family is left disabled and distressed after someone took off with their only mode of transportation early Tuesday morning. It happened in north Spokane off N. Maple. Gayle Session and Jack Fruin are both disabled and say multiple people depend on that car to get to appointments.

    >>
  • Mad Minute stories from Tuesday, January 16th

    Mad Minute stories from Tuesday, January 16th

    Wednesday, January 17 2018 2:06 AM EST2018-01-17 07:06:43 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Tuesday, January 16th.

    >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Tuesday, January 16th.

    >>
  • Police: Washington State University QB Tyler Hilinski dead from apparent suicide

    Police: Washington State University QB Tyler Hilinski dead from apparent suicide

    Wednesday, January 17 2018 2:05 AM EST2018-01-17 07:05:06 GMT

    PULLMAN, Wash. - Pullman Police say at around 4:30 pm, officers responded to the Aspen Village Apartments to check on the welfare of Washington State University football player Tyler Hilinski after he did not show up for practice earlier in the day. Officers arrived and found 21-year-old Hilinski deceased in the apartment with an apparent self-inflicted gunshot wound to the head.

    >>

    PULLMAN, Wash. - Pullman Police say at around 4:30 pm, officers responded to the Aspen Village Apartments to check on the welfare of Washington State University football player Tyler Hilinski after he did not show up for practice earlier in the day. Officers arrived and found 21-year-old Hilinski deceased in the apartment with an apparent self-inflicted gunshot wound to the head.

    >>