ZipRealty, Inc.(ZIPR)- NASDAQ
ZIPR is defunct.
  • Jul. 15, 2014, 4:15 PM
    • The online real estate space heats up some more with Realogy's (NYSE:RLGY) all-cash, $166M deal to buy ZipRealty (NASDAQ:ZIPR). The price works out to $6.75 per share vs. today's close of $3.02.
    • The purchase adds ZipRealty's residential brokerage operations with 23 U.S. offices and its integrated real estate technology platform to Realogy's operations. ZIPR last year closed $2.7B in property sales, giving it $76M in revenue and $32M of gross profit. Realogy expects EBITDA contribution from the purchase to be about $20M annually within the next three years.
    • Zillow (NASDAQ:Z+0.3%, TRLA +0.4%, MOVE +0.3% AH
    | Jul. 15, 2014, 4:15 PM
Company Description
ZipRealty, Inc., provides an online marketing and sales system for residential real estate professionals. It owned-and-operated brokerages and its Powered by Zip network of third-party brokerages.
Sector: Financial
Industry: Real Estate Development
Country: United States