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August 19, 2013 03:23 pm GMT
Two pieces of big news today for online real-estate juggernaut Zillow. The company is announcing another acquisition, New York listings site StreetEasy, for $50 million in cash. And it has also applied for a follow-on offering of another 2.5 million shares of Class A common stock, equivalent to around $228 million based on Friday's closing share price of $91.22.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dD7MbbjlRdA/
Zillow Acquires StreetEasy For $50M For More NYC Real Estate Listings, Also Plans Follow-On Offering Of 2.5M Shares For $228M
Two pieces of big news today for online real-estate juggernaut Zillow. The company is announcing another acquisition, New York listings site StreetEasy, for $50 million in cash. And it has also applied for a follow-on offering of another 2.5 million shares of Class A common stock, equivalent to around $228 million based on Friday's closing share price of $91.22.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dD7MbbjlRdA/
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