Trulia (TRLA) completed its acquisition of Market Leader this week. The deal combines Trulia’s marketplace for consumers and industry professionals with Market Leader’s operating system for the real estate industry.
Trulia paid approximately $170 million for the company, originally announcing the deal in May.
The combined companies will have approximately 50,000 premium subscribers.
"We are very excited that the deal is official and we can now provide the real estate industry with the finest marketing and software tools, all under one roof," said Pete Flint, Trulia co-founder and CEO.