Wednesday, May 8, 2013

Market Leader Acquired By Trulia For $355M

Kirkland-based Market Leader, the developer of customer relationship management software for the real estate industry, has been acquired by Trulia, in a deal worth approximately $355M. Trulia said the price implies $11.33 per share for Market Leader. The acquisition by Trulia further bolsters the concentration of online real estate companies in the region, and now makes Zillow and Trulia crosstown rivals. Trulia said it was advised by J.P. Morgan and Wilson Sonsini Goodrich & Rosati in the deal; Market Leader was advised by Perkins Coie and GCA Savvian Advisors.