The deal gets done: Zillow buys Trulia for $3.5B in stock

|About: Zillow Group, Inc. (Z)|By:, SA News Editor

The combined company will maintain both the Zillow (NASDAQ:Z) and Trulia (NYSE:TRLA) brands, and Trulia CEO Pete Flint will remain so, reporting to Zillow chief Spencer Rascoff.

As for terms, Trulia owners will receive 0.444 shares of Zillow for each share of Trulia they hold, valuing Trulia at a 25% premium to its Friday close.

A conference call is set for 9 ET.

TRLA +16.8% to $65.76, Z -2.6% to $154.70 premarket