Some of the names on the move ahead of the open.» Read More
Neil Doshi, CRT Capital Group, shares his thoughts on Zillow's acquisition of Trulia for $3.5 billion in stock.
Zillow announces it is buying Trulia for $3.5 billion in stock. The "Squawk Box" news team discusses.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
Some of the names on the move ahead of the open.
NEW YORK, July 24- U.S. real estate website operator Zillow Inc is in advanced talks to buy smaller rival Trulia Inc, according to people familiar with the matter. Trulia shares jumped as much as 40.5 percent to $57 on Thursday, valuing the company at $2.10 billion, after Bloomberg News reported Zillow may reach a deal to buy the company as soon as next week.
WASHINGTON— In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.
July 24- U.S. real estate website operator Zillow Inc is in talks to buy Trulia Inc and may value the smaller rival at $2 billion, Bloomberg reported, citing people with knowledge of the matter. Zillow and Trulia declined to comment on the report saying they don't comment on rumors.
Insiders at Zillow and Trulia sold shares aggressively before news of a potential merger broke Thursday, according to filings.
CNBC's Diana Olick looks at whether a potential deal for Zillow to buy Trulia makes sense.
The U.S. real estate website Zillow is looking to acquire its rival Trulia, people familiar with the matter said, Bloomberg reported.
July 24- U.S. real estate website operator Zillow Inc is seeking to buy rival Trulia Inc, Bloomberg reported, citing people with knowledge of the matter. Zillow could value Trulia at as much as $2 billion and an agreement may be announced as soon as next week, Bloomberg said.
Some of Thursday's midday movers:
Overstock.com Inc. rose 19.3 percent to $16.66. Datawatch Corp. rose 18.2 percent to $14.09. Vasco Data Security International Inc. rose 17.0 percent to $13.58.
LOS ANGELES— The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit. "The most important thing in pricing and getting your house sold fast is to do your homework," said Michael Corbett, a real estate expert at Trulia, a housing information and listing website.
Home sales are surging, and summer is a big season for real estate deals. Here are eight mistakes first-time homebuyers need to avoid.
Maria Zhang, a senior director of engineering at Yahoo Mobile, has been sued by Nan Shi, who worked as a principal software engineer in Yahoo from February 2013, according to a complaint filed on July 8 in Santa Clara Superior Court in San Jose, California.
Why do some tech start-ups, like Airbnb and Uber, disrupt their industries while others stumble? Four reasons, says an online CEO.
Dottie Herman, Douglas Elliman president & CEO, discusses how her partnership with Zillow provides prospective home buyers a more streamlined approach to search for real estate.
Zillow CEO Spencer Rascoff, discusses what's driving the "noisy" housing market and when the "boomerang generation" will really start to impact homeownership.
Trulia and Zillow have ridden real estate Internet engines to IPOs, but Redfin says it's the only broker to really want you in a happy home.