Antitrust regulators will dig deeper into Zillow-Trulia merger plans

FTC's preliminary review raises competition issues

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The Federal Trade Commission has made a request for additional information from Zillow and Trulia about their merger plans, the companies disclosed today in a statement that characterized the antitrust regulator's "second request" as "a standard part of the full regulatory process." "The companies are gathering information to respond promptly to the second request and are cooperating with the FTC in connection with its review," the statement said. "Both companies expect the transaction to close in 2015." Zillow and Trulia declined further comment. Today was the deadline for the FTC to make what is known as a "second request" for information if a preliminary review of the merger raises competition issues. The National Association of Realtors has reportedly asked the FTC to stop Zillow's acquisition of Trulia on antitrust grounds. Some real estate agents fear a merger could pave the way for the combined company to raise the rates it charges for ads and leads across a network of...