Zillow CEO Spencer Rascoff says the company’s had “a lot of conversations with the Federal Trade Commission” over its planned acquisition of rival Trulia, and he’s “confident that the deal will close late this year or early next, and that it will meet the necessary regulatory approvals.”
In an interview published by The New York Times and submitted by the company in its entirety as an SEC regulatory filing, Rascoff said that when the deal closes, it’s expected that Trulia CEO Pete Flint will stay on and run Trulia, “which will be a separate brand within the Zillow family of real estate brands. We will definitely keep the name Trulia and the website, and the suite of mobile apps under the Trulia brand.” Source: New York Times via sec.gov.
