Rumor: Zillow Might Snap Up RentJuice

The deal would be a smart fit

   
Rumor: Zillow Might Snap Up RentJuice

zillow logo 200x100 Rumor: Zillow Might Snap Up RentJuiceAccording to a report in Techcrunch, 0nline real estate stock Zillow (NASDAQ:Z) is rumored to be buying RentJuice for roughly $45 million. The company, which is privately held, helps to manage the complex rental process.

The deal should be a good move for Zillow, which has a focus on house purchases. After all, the rental market has been particularly strong because of the slow economy and the continued problem with foreclosures.

Interestingly enough, Zillow also purchased Postlets — a marketplace for rentals — about a year ago. This should be a good platform to get distribution for RentJuice.

Zillow came public last year, raising $70 million. While the stock has been volatile, it has had a strong year so far, up almost 70%.

– Tom Taulli, InvestorPlace


Article printed from InvestorPlace Media, http://investorplace.com/2012/04/rumor-zillow-might-snap-up-rentjuice/.

©2014 InvestorPlace Media, LLC

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