To Grow its Rental Offerings, Zillow Acquires HotPads
November 28, 2012
Zillow, an online real estate information marketplace, has announced it has agreed to acquire rental site HotPads for $16 million in the hopes of expanding its rental listings. HotPads, which recorded nearly 2.8 million unique visitors in October, had previously raised $2.3 million from Meakem Becker Venture Capital in 2007. Seattle-based Zillow will continue to operate HotPads out of its San Francisco office.