BusinessWeek Magazine Suggests that Zillow Wants to Buy Trulia

By
Real Estate Broker/Owner with Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...

Businessweek Magazine Suggests

Zillow Wants to Buy Trulia

 

 Logo property of BusnissWeek.

In an article on 7/24/14, reported by Alex Sherman, Jeffrey McCracken and Prashant Gopal, entitled Zillow Seeking to Buy Rival Property Site Trulia, BusinessWeek magazine suggests that Zillow wants to buy Trulia.

The article states "Zillow, the largest U.S. real estate website, is seeking to buy No. 2 Trulia for as much as $2 billion in cash and stock, according to people with knowledge of the matter. An agreement may be announced as soon as next week, said one of the people, who asked not to be identified because the information is private. Talks are ongoing and may not lead to a deal."

Another source is RISMedia eNews, reporting a similar scenario.

The combination would create yet another change for ActiveRain members. One can only hope that the higher-ups at Zillow, some of whom started out at ActiveRain, will leave the current AR staff in charge of day-to-day AR activities.

ActiveRain gains strength daily and will continue to be a strong asset for whomever is the owner of ActiveRain. What is that saying? "Too many cooks spoil the broth." Or is it "Leave well enough alone." Or perhaps "Don't spoil a good thing."

Anyway - you get the picture ...
Have a happy day,
Lynn

 

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Rainmaker
81,351
Christopher Ohlsen
Credit Werx, LLC. - Malone, NY

Interesting that Zillow is larger than Trulia. Seems in terms of the inclusion of both of them in my traffic funnel that Trulia refers more traffic to my websites. Still, if this happens lets hope that the impact on AR is minimal. Great post Lynn and Congrats on the Feature!

Jul 25, 2014 04:54 AM #7
Rainmaker
560,017
Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
Retired - HOMEFRONT Realty @ LAKE Roosevelt

Who of the Zillow "higher ups" started at ActiveRain?  

Jul 25, 2014 04:59 AM #8
Anonymous
Jerome Farrar

No one at Zillow started AR.

Jul 25, 2014 05:11 AM #9
Rainmaker
570,170
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

I think she's referring to Brad Andersohn.  Is he still at Zillow?  Still here at AR?  Just wondering what this will do to AR.

Jul 25, 2014 05:34 AM #10
Rainmaker
1,994,423
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Lynn- there is always a concern with a merger.  Let's hope they don't change the current Active Rain deal we have.

Jul 25, 2014 05:41 AM #11
Rainmaker
560,017
Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
Retired - HOMEFRONT Realty @ LAKE Roosevelt

I would consider Brad a huge asset to Zillow but not one of the higher-ups.  

Jul 25, 2014 05:43 AM #12
Ambassador
2,364,110
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    You just thought that Trulia shook up AR when they bought it.   Wait until Zillow is in charge!

Jul 25, 2014 05:58 AM #13
Ambassador
927,991
Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Readers -
Thanks for stopping by!

When one reads comments in sequence - it is often similar to an old-fashioned game of "Telephone" in many ways.

For example, in the post, the statement is " higher-ups at Zillow, some of whom started out at ActiveRain".

Jo Soss (#8) --  asks a question, "Who of the Zillow "higher ups" started at ActiveRain?" One answer is Brad Andersohn. To me, Brad is a "higher-up" anywhere he is because all smart people would rely on his opinions. (My post - I give myself permission to use links in my comment - LOL.)

Then in the next comment, Anonymous (#9) is the content changer in the game of "Telephone". He transists from "started out at ActiveRain" to "started AR."

The post never said "started AR" ---

So proud to be featured. My hope is that Trulia and/or Zillow just leave AR alone unless asked by Staff to assist. Active AR members know that AR works and has benefitted them.

Have a happy day -
Lynn

Jul 25, 2014 05:58 AM #14
Rainmaker
562,001
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

This is all the more reason why it's so important that everyone have their own website and that it's at the hub of their wheel.

Jul 25, 2014 10:17 AM #15
Ambassador
3,681,846
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Well, gee. This is something that could actually cure me of my ActiveRain addiction!

Jul 25, 2014 11:33 AM #16
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

I sure hope Z stays out of Active Rain/Trulia.  I'd be done with AR . . . absolutely.  Can't stand how that vulture capital took over the MLS and manipulated the MLS' for our work product.  

Jul 25, 2014 12:01 PM #17
Rainmaker
678,734
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

Good day this has been a very interesting topic to say the least... until we all gather together and decide to make change this will continue to happen. Do we have a choice to toggle off the Big Z and the Big T and the Big R or do we have to allow this group to use our data? 

What does NAR  have to say about this and will they say anything at all? We pay dues to be a part of NAR  TAR  and our local association GTAR.  Who gave the feed to the groups discussed here? Who allowed them to have the feed to our listings and why did they do it? 

The answer is still unknown ! 

Jul 25, 2014 12:18 PM #18
Rainmaker
740,316
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

I totally wish we already had a LIKE button because I just love Pat's comment!

I'm just going to try real hard not to stress about it and focus on business instead.

Jul 25, 2014 12:32 PM #19
Rainmaker
1,317,601
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This has been predicted for some time.  I guess we will see what develops.  It looks like the big loser is Realtor.com.  They really failed the REALTOR(R) community IMHO.  What a shame.

Jul 25, 2014 12:54 PM #20
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I guess, Lynn, we remain who we are. (ActiveRain is at a place where no one can dare to 'touch' them.)

Let me take that back --- it's now 'activerain.trulia.com' and it may become 'activrain.zillow.com'. However, we still remain who we are.

Jul 25, 2014 01:33 PM #21
Rainmaker
2,791,596
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think it can be good if creativity and dialogue is stressed. :)

Jul 25, 2014 04:22 PM #22
Rainmaker
657,072
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

One of the things about corporate control is creating better profit centers. If there is a merger pretty sure the rules will change.

Jul 26, 2014 11:58 AM #23
Ambassador
4,373,515
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for sharing this Lynn, I had heard rumors but this the first official word that things may be happening.

Hopefully AR will remain about the same, though I am sure some interesting debates will ensue over the next few months if Z swallows T.

Jul 28, 2014 03:51 AM #24
Rainmaker
611,364
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

I got a message from Trulia today (as a Trulia client, for advertising), that nothing changes.  I guess they'll be using the General Motors model, where a Chevy is a Chevy and a Pontiac is a Pontiac, right?

Jul 28, 2014 01:25 PM #25
Ambassador
927,991
Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear AR Friends - Thanks for the comments. It is all about "wait and see"  I guess. Lynn

Jul 28, 2014 01:33 PM #26
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