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Announced

Zillow Group to acquire ShowingTime for $500m.

Financials

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Transaction Value£361m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Online and Social Platforms

Acquisition

Private

online scheduling platform

Majority

Pending

Friendly

Domestic

United States

Single Bidder

Synopsis

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Zillow Group, an American online real estate marketplace company, agreed to acquire ShowingTime, an online scheduling platform for home showings, for $500m. "This is a pivotal moment in real estate, and customer expectations for a simplified, tech-enabled experience are rising. The ShowingTime technology serves nearly a million real estate professionals, and we look forward to sharing our technology solutions with even more customers, enabling a truly seamless real estate transaction that is efficient and simple," Mike Lane, ShowingTime President.

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