Wednesday, May 8, 2013

Trulia Buys Market Leader For $355M

San Francisco-based real estate site Trulia said this morning that it is acquiring Market LEader, a provider of customer relationship management (CRM) software for the real estate industry. Trulia said it would pay approximately $355M, or an implied price of $11.33 per share, for Market Leader. Market Leader is based in Kirkland, Washington. Trulia said it was advised by J.P. Morgan and Wilson Sonsini Goodrich & Rosati in the deal; Market Leader was advised by Perkins COie and GCA Savvian Advisors.