Trulia, Inc. TRLA “Trulia”), a leading online marketplace for
homebuyers, sellers, renters and real estate professionals, announced
today that it has entered into a definitive agreement to acquire Market
Leader, Inc. LEDR “Market Leader”), a leading provider of
Software as a Service (SaaS)-based customer relationship management
(CRM) software for the real estate sector, for approximately $355
million, or an implied price of $11.33 per share (based on Trulia's
closing share price on Tuesday, May 7, 2013). Market Leader's
shareholders will receive $6.00 in cash and 0.1553 shares of Trulia's
common stock for each share of Market Leader common stock under the
terms of the agreement that was unanimously approved by the boards of
directors of both companies.
See full press release
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