Friday, September 4, 2015

Zillow Dumps Market Leader For Mere $23M

Seattle-based real estate site Zillow said Thursday that it is selling Market Leader, the developer of marketing tools for real estate agents, for $23M, to Constellation Software. Market Leader was part of Trulia Group, which Zillow acquired in February. Trulia had paid $355M for Market Leader--based in Kirkland--back in May of 2013, in a deal that had been split betwen $170M in cash plus 5.3 million shares of its common stock. Zillow said the sale also includes Market Leader Leads Direct and HouseValues.com. Market Leader had originally been named HouseValues, but went through a name change in 2008.