A team of Goodwin attorneys recently advised Trulia in its $3.5 billion sale to Zillow. The transaction, which is expected to close in 2015, is a stock-for-stock transaction whereby Trulia shareholders will receive 0.444 shares of Class A Common Stock of Zillow for each share of Trulia, and current Zillow Class A and Class B Common Stock shareholders will receive one comparable share of the combined company. The agreement is subject to customary closing conditions.
Trulia, through its mobile and web products, gives home buyers, sellers, renters and real estate professionals the tools and information they need to be successful in the home search process. The company is based in San Francisco and has offices in New York, Denver and Seattle. Trulia trades on the New York Stock Exchange under ticker “TRLA.”
Zillow operates a mobile and web-based real estate and home-related information marketplace that helps people find information about homes and connect with local professionals. The company welcomed 83 million unique users in June 2014 across its portfolio of products. Zillow is headquartered in Seattle, Wash. and is traded on the NASDAQ exchange under ticker “Z.”
The Goodwin team advising Trulia was led by partner Lisa Haddad, and included partners Lynda Galligan, Kelsey Lemaster and Jim Riley, as well as associates Blake Liggio, Jacqueline Mercier, Grace Wirth, Monica Patel and Sarah Bock.
Additional information about the transaction can be found in the companies’ joint press release.