Zillow Welcomes Trulia; Forms Zillow Group

Today marks an important milestone for Zillow, Trulia and the real estate industry. We just announced that we’ve completed the acquisition of Trulia and formed Zillow Group, which houses a portfolio of the largest and most vibrant U.S. real estate and home-related brands on mobile and Web.

Trulia joins Zillow, HotPads and StreetEasy in Zillow Group’s portfolio. These four brands will continue to pave the way for greater transparency in real estate. Zillow Group also includes business brands ActiveRain, Diverse Solutions, Market Leader, Mortech, Postlets and Retsly.

For our users, not much is changing. Zillow and Trulia will continue to build products that empower consumers whether they’re buying, selling, renting or financing, and connect with the best local professionals to help. We’ll continue to operate the consumer brands separately.

For real estate, mortgage and rental professionals, the combination will create many more opportunities to connect with consumers. And, by operating both brands under one roof, we will be able to develop and deliver even more advertising and software solutions that help local professionals grow their businesses.

With the closing, Paul Levine will become president of Trulia while co-founder Pete Flint will join the Zillow Group board of directors along with Greg Waldorf, a former Trulia board member.

We’re thrilled and excited to welcome Trulia to the family. From now on, you can check out our corporate news at ZillowGroup.com. For investors, Zillow Group CEO Spencer Rascoff will be hosting a live webcast on Wednesday, Feb. 18 at 6 a.m. PT/9 a.m. ET. Details can be found on our Investor Relations Site.