Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Jul 27, 2014

Shearman & Sterling Advises Zillow on $3.5 Billion Acquisition of Trulia

Shearman & Sterling is advising Zillow, Inc. on its acquisition of Trulia, Inc. for $3.5 billion in a stock-for-stock transaction. The Boards of Directors of both companies have approved the transaction, which is expected to close in 2015.

Zillow, Inc. (NASDAQ:Z) operates the leading real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products that help people find vital information about homes, and connect with the best local professionals. Zillow's brands serve the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. In addition, Zillow offers a suite of tools and services to help local real estate, mortgage, rental and home improvement professionals manage and market their businesses. Zillow is headquartered in Seattle.

Trulia (NYSE: TRLA) gives home buyers, sellers, renters and real estate professionals all the tools and valuable information they need to be successful in the home search process. Through its innovative mobile and web products, Trulia provides engaged home buyers and sellers essential information about the house, the neighborhood and the process while connecting them with the right agents. For agents, Trulia, together with its MarketLeader subsidiary, provides an end-to-end technology platform that enables them to find and serve clients, create lasting relationships and build their business. Founded in 2005, Trulia is headquartered in San Francisco with offices in New York, Denver and Seattle.

The Shearman & Sterling team included partner Peter Lyons (New York-Mergers & Acquisitions) counsel Nathan Sawyer (New York-Mergers & Acquisitions); and associate Rob Bucella (New York-Mergers & Acquisitions). Other lawyers advising on the transaction include partners Beau Buffier (New York-Antitrust), Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits), Richard Hsu (Palo Alto-Intellectual Property Transactions), Larry Crouch (Palo Alto-Tax), and Alan Goudiss (New York-Litigation) and associates Karina Lubell, Jack Mellyn (both Washington, DC-Antitrust), Nell Beekman, Regina Park (both New York-Executive Compensation & Employee Benefits), Zheng Bao, Benjamin Petersen (both Palo Alto-Intellectual Property Transactions) and Ryan Bray (Palo Alto-Tax).