Zillow buys HotPads for $16 million
From San Francisco Business News - Local San Francisco News | The San Francisco Business Times
November 26, 2012 - 5:05pm
Zillow Inc. (NASDAQ: Z) has agreed to buy San Francisco-based HotPads Inc., the operator of a map-focused property rental and real estate search website, for $16 million in cash.
Founded in 2005, HotPads has 19 employees. It was started in Washington, D.C., and relocated to San Francisco after raising a $2.3 million Series A round led by Meakem Becker Venture Capital in 2007.
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