Trulia to Acquire Market Leader for $355 Million

On May 8, 2013, Trulia, a leading online marketplace for homebuyers, sellers, renters, and real estate professionals, announced that it has entered into an agreement to acquire Market Leader, a provider of software-as-a-service (SaaS)-based customer relationship management software for the real estate sector, for approximately $355 million. Wilson Sonsini Goodrich & Rosati is advising Trulia in connection with the acquisition.

The combined company will have approximately 46,000 premium subscribers, more than any other online real estate marketplace, and its functionality will serve the entire customer chain in the $24 billion real estate marketing and software market.

The WSGR team providing representation to Trulia includes the following individuals:

Rezwan Pavri
Michael Ringler
Zachary Patton
Nick Cirella

Scott Sher
Paul Jin
Kara Kuritz

Employee Benefits & Compensation:
David Thomas
Sriram Krishnamurthy

Employment Law:
Laura Merritt
Jeanna Steele

IP/Technology Transactions:
Suzanne Bell
T.J. Graham
Tracy Rubin

Real Estate & Environmental:
Susan Reinstra
Paul Nash

Ivan Humphreys
Myra Sutanto Shen

For more information, please see Trulia's press release.