Thursday, September 4, 2014

Zillow, Trulia Get More Scrutiny From FTC

Seattle-based Zillow and San Francisco-based Trulia are facing more scrutiny over their proposed acquisition deal, saying Wednesday afternoon that they have each received a Request for Additional Information from the United States Federal Trade Commission (FTC), as part of antitrust reviews of their deal. Zillow and Trulia said the second request is a "standard part" of the regulatory process. Zillow announced it was buying Trulia on July 28th. The second request is somewhat unusual for the FTC, which in recent years has mostly waved through big technology merger deals.