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US: FTC forces Zillow, Trulia merger delays

 |  November 12, 2014

The US Federal Trade Commission has forced online real estate service Zillow to delay its merger with peer Trulia, say reports.

The FTC issued a second request for information as part of its review of the deal, and in response Zillow has reportedly agreed not to close the transaction before February 1. The companies had previously sought to finalize the merger before the end of the year.

Earlier this year the National Association of Realtors asked the FTC to block the merger on grounds that it would hike advertisement costs.

Full content: Inman

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