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Zillow Buys Real-Estate Site StreetEasy for $50 Million

Zillow Inc., operator of the largest U.S. real-estate website, agreed to acquire StreetEasy for $50 million in cash to expand its coverage of the New York market.

StreetEasy has about 1.2 million monthly unique users, primarily residential real-estate shoppers in the New York region, the companies said in a statement today. Zillow, which reported 61 million unique visitors at the end of July, separately announced a secondary stock offering.