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Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:17 EDTZZillow initiated with a Perform at Oppenheimer
Oppenheimer believe the market is fully pricing Zillow's growth prospects at current share levels. The firm initiated shares with a Perform rating.
News For Z From The Last 14 Days
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July 25, 2014
16:18 EDTZOn The Fly: Closing Wrap
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11:06 EDTZZillow, Trulia continue climb after takeover talks report seen as 'credible'
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08:18 EDTZZillow, Trulia merger story viewed as credible at Deutsche Bank
Deutsche Bank views Bloomberg's report of merger talks between Zillow (Z) and Trulia (TRLA) as credible, saying the deal would make a lot of sense. The firm says Trulia shares would be worth around $63 in a takeover when using Priceline's (PCLN) acquisition of OpenTable as a comparison. Even at that price, the firm sees nearly 20% upside for Zillow's enterprise value should an acquisition occur. Deutsche notes that neither company has denied yesterday's report, nor has either company announced an earnings date. It cautions, though, that the potential merger could easily fall apart as well. It has a Buy rating on Trulia and Hold rating on Zillow.
July 24, 2014
17:05 EDTZOn The Fly: Closing Wrap
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15:51 EDTZZillow CEO said to leave meeting to head to San Francisco, CNBC reports
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15:27 EDTZZillow, Trulia deal 'rumors just ridiculous,' Citron Research says
Citron Research stated on Twitter that Zillow (Z) and Trulia (TRLA) "rumors just ridiculous Top 10 real estate websites COMBINED do not account for more than 50% of total real estate traffic." Reference Link
14:19 EDTZTrulia August volatility spikes on Zillow in talks to acquire
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14:16 EDTZZillow volatility spikes on talks to acquire Trulia, Bloomberg
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14:07 EDTZZillow in talks to acquire Trulia, Bloomberg reports
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14:03 EDTZTrulia, Zillow resume trading after volatility halts
14:00 EDTZTrulia jumps 11%, Zillow up 10% after Bloomberg report of buyout talks
13:58 EDTZTrulia could be valued as high as $2B in Zillow buyout, Bloomberg says
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13:57 EDTZZillow in talks to acquire Trulia, Bloomberg reports
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July 22, 2014
12:53 EDTZRealPage likely being presented with strategic alternatives, says Barrington
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July 18, 2014
12:48 EDTZRealPage tumbles after reporting preliminary Q2 revenue miss
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July 16, 2014
16:33 EDTZZillow acquires Retsly
Zillow announced it has acquired Vancouver, BC based Retsly, a software company that normalizes real estate data from multiple listing services so developers can build data-driven products for the real estate industry. The company also provides MLSs with the tools to manage software applications in their market and ensure their content is being used appropriately. Zillow is not disclosing the financial terms of the acquisition. "Retsly's platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats," said Spencer Rascoff, Zillow CEO. "Retsly's team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We're thrilled to welcome Retsly to Zillow." Retsly was founded in 2013 and will continue to operate from Vancouver.
07:24 EDTZSiemer & Associates to hold a summit
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