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Realogy Agrees to Buy ZipRealty for About $166 Million

Realogy Holdings Corp., owner of brokerage brands Coldwell Banker and Century 21, agreed to buy ZipRealty Inc. for about $166 million.

Realogy, based in Madison, New Jersey, said it will pay $6.75 a share in cash for ZipRealty, 123 percent more than today’s closing price. Emeryville, California-based ZipRealty operates 23 residential brokerages in the U.S. and an Internet-based marketing platform, Realogy said in a statement.