Antitrust regulators won't stand in the way of Realogy's plans to acquire ZipRealty, and the companies have agreed to settle a potential class-action lawsuit by ZipRealty shareholders protesting the deal, the real estate brokerage and tech provider said in a regulatory filing. Emeryville, California-based real estate brokerage and tech provider ZipRealty reported a $1.9 million net loss for the quarter ending June 30. Although the company slashed expenses by 9.7 percent, revenue for the quarter was down 19.9 percent from a year ago, to $17.4 million. Since the company was founded in 1999, it's run up a cumulative deficit of $138.6 million. Real estate franchise and brokerage giant Realogy Holdings Corp. announced last month it had reached an agreement to acquire ZipRealty for $166 mi...
Aug 4, 2014 by Paul Hagey
Jul 17, 2014 by Andrea V. Brambila