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Rumor: Zillow Might Snap Up RentJuice

The deal would be a smart fit


zillow_logo_200x100 IPOAccording 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,

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