Pursuits
Trulia to Acquire Market Leader for $355 Million
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Trulia Inc., a property-information website, said it plans to acquire software maker Market Leader Inc. for $355 million, expanding its offerings to real estate agents.
The deal includes $6 in cash and 0.155 share of stock for each share of Market Leader, San Francisco-based Trulia said today in a statement. The $11.33 per-share price is an 18 percent premium to Market Leader’s close yesterday.