Michigan residents may often hear about business acquisitions that ultimately allow a company to consolidate its market share or expand its range of product offerings. A less common though equally interesting event that takes place in the business world is a reverse merger.
Michigan businesses may be interested in a look at the successes and failures of one Silicon Valley company's acquisition strategy. With billions of dollars available to purchase other companies, experts are speculating on what they will acquire next.
Investors and consumers in Michigan may be interested to learn more about the proposed acquisition that may have a significant impact on real estate markets in the United States. As of June 28, Seattle-based Zillow is attempting to acquire its San Francisco-based online-real-estate-listings rival, Trulia, for $3.5 billion. Both companies' boards have approved the deal and are now awaiting approval from each groups shareholders. Zillow debuted during 2004 and went public in 2011, while Trulia's IPO was during 2012.