Wednesday, November 12, 2014

Zillow Sees Delay in Trulia Buy Due To Fed Scrutiny

Seattle-based Zillow said this week that it is expecting a delay in completing its acquisition of Trulia, after receiving a request for additional information on the deal from the Federal Trade Commission. Zillow said the request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The company said it now does not expect the deal to close prior to February 1st, as the FTC examines its response. It appears the FTC is giving a good look to the impact of a combined Zillow and Trulia, which would own a significant amount of the market for online home information.