Zillow, Inc. (Z) said that it expects to close the acquisition of Trulia, Inc. (TRLA), an online real estate information provider, as early as February 17, 2015, following notification from the Federal Trade Commission that it has closed its investigation.
Furthermore, Z reported its financial results. For the fourth quarter 2014, posted record revenue of $92.3 million, a 58% increase year over year (and better than the Capital IQ Consensus Estimate of $90 million in revenue for the period), record Adjusted EBITDA of $20.0 million, compared to Adjusted EBITDA of $15.4 million in the same period the prior year, and non-GAAP net income of $0.24 per diluted share, compared to non-GAAP net income of $0.19 per diluted share in the fourth quarter 2013
For the full year 2014, Z posted record revenue of $325.9 million, representing a 65% increase year over year.
Z operates the leading real estate and home-related marketplaces on mobile and the Web, with a complementary portfolio of brands and products that help people find vital information about homes, and connect with the best local professionals.
More about Zillow, Inc. (Z) at www.zillow.com
After the closing bell on Friday, Alibaba Group Holding Limited (BABA) announced that it has received correspondence from the U.S. Securities and Exchange Commission (SEC) asking for background facts and other information related to the company's interaction with one of its Chinese regulators, the SAIC (State Administration for Industry and Commerce), and related matters.
BABA has chosen to proactively disclose the request because the company values being open with its investors and feel that disclosure could help avoid false rumors or speculation.
According to the company, the SEC letter states it should in no way be construed as BABA having done anything wrong or there having been any violation of securities law.
Recently, the SAIC released data suggesting many products sold on BABA's websites infringed on trademarks, or were banned, substandard or fake.
BABA, through its subsidiaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally.
More about Alibaba Group Holding Ltd. (BABA) at www.alibabagroup.com
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Murrieta, CA ( www.murrieta.crwe-pr.com ) into the CRWE Network.
Murrieta is a city in southwestern Riverside County, California. Temecula and Murrieta together form the southwestern anchor of the Inland Empire region.
The City of Murrieta had an estimated population in 2013 (U.S. Census Bureau) of 107,479, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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