Courtesy of Benzinga.
Trulia (NYSE: TRLA) shares jumped more than 30 percent Thursday on a rumor that it may be acquired by Zillow (NASDAQ: Z).
Zillow could pay $2 billion for Trulia's 36.92 shares outstanding, and an agreement may be unveiled next week, according to Bloomberg news service, which cited unnamed sources.
Zillow's market capitalization is about $5 billion,compared with Trulia's $1.5 billion.
Together the companies account for a reported 89 percent of all traffic to real estate sites.
Caledonia Investments is the largest single shareholder of both Zillow and Trulia. It has 8.5 million of Trulia's 36.92 million shares outstanding and 6.18 million of Zillow's 33.56 million shares outstanding.
Trulia traded recently at $54.06, up 32 percent; Zillow was up more than 15 percent at $146.56.
