Technology

Zillow agrees to hold off Trulia acquisition until at least February

FTC could still wrap up its review before then

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Zillow has agreed not to close its pending acquisition of Trulia before Feb. 1 as the Federal Trade Commission continues its review of the deal. The FTC has been studying how a Zillow-Trulia merger could impact competition, and made second requests for information from the companies in early September. According to a regulatory filing detailing the planned merger, Zillow and Trulia each submitted their complete responses to the FTC's second requests for information on Oct. 15. Zillow also entered into a timing agreement that provided that Zillow would not consummate the merger until 60 days after both parties had substantially complied with the second requests. Under that timetable, the 60-day time period would have expired at 11:59 p.m. Eastern time on Dec. 15. Under the timing agreement, the FTC staff agreed that it would notify Zillow of any deficiencies in its second request response within 14 calendar days. In a New York Times interview published Oct. 21, Zillow CEO...