TechTaffy

tech:

taffy

Zillow To Acquire HotPads For $16M

1018 views

[Techtaffy Newsdesk]

Zillow has entered into a definitive agreement to buy HotPads, a map-based rental and real estate search site for$16 million in cash. This is Z illow’s first acquisition of a primarily consumer-facing company. The transaction is subject to satisfaction of customary closing conditions and is expected to close in the fourth quarter of 2012.

Apart from the website, HotPads also has five mobile apps across iOS and Android. Nearly 2.8 million unique users visited HotPads in October, primarily to shop for rentals, nearly 70 percent of all listings viewed during the month were homes or apartments for rent.

Founded in 2005, HotPads has 19 employees, and will continue to operate from San Francisco.

HotPads will be the sixth acquisition by Zillow in less than two years.

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.
Uncategorized

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.