- With the FTC having ended its review of the deal (as disclosed last Friday), Zillow (NASDAQ:Z) has officially closed its $2.5B all-stock merger with Trulia (TRLA). The merged company will begin trading under Zillow's ticker tomorrow, and be known as Zillow Group.
- Notably, Trulia COO Paul Levine will run Trulia post-merger; Trulia CEO Pete Flint will join Zillow Group's board, as will former Trulia director Greg Waldorf.
- Zillow Group plans to cut 280 jobs in Q1 (mostly redundant sales/admin positions), and another 70 in Q2. Once the cuts are done, the company will have ~2K employees.
- Zillow rose 2.5% in regular trading in the wake of its Q4 report and FTC announcement. Trulia rose 3.1%.