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Zillow Buying One Of Its Competitors

Posted on: 7:55 pm, August 19, 2013, by , updated on: 04:15pm, August 19, 2013

on your side 400

(Seattle, WA) Real estate information giant zillow.com is buying one of its competitors.

The website is acquiring Street-Easy for $50 million in cash.

The acquisition is expected to give Zillow a huge lead in New York City, which is one of the nation’s most desirable housing markets.

Street-Easy will be run as a separate unit within Zillow and will maintain its brand.