Zillow to acquire StreetEasy for $50M

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Deal expected to close sometime in 2015; Zillow and Trulia will remain as brands Zillow has entered a definitive agreement to acquire its chief competitor Trulia for.

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NEW YORK – Zillow, operator of the largest US real-estate website, has agreed to acquire StreetEasy for $50 million in cash to expand its coverage of the New York market.

Zillow paying $50M to buy New York’s StreetEasy, files to raise more cash. StreetEasy, which employs 34 people, boasts 1.2 million unique visitors per month. That’s a small chunk of Zillow’s overall traffic of more than 60 million. But StreetEasy fills an important niche in the New York area, with CEO Spencer Rascoff telling The New York Times that it is a "better product" than Zillow for New York.

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Zillow, 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.