Zillow and Trulia are one step closer to consummating their proposed merger.
At separate meetings at Zillow and Trulia’s respective headquarters this morning, shareholders in the firms voted to approve the deal that would bring Trulia into the Zillow family.
As Zillow CEO Spencer Rascoff tweeted this morning, shareholder approval doesn’t seal the deal, but is a necessary part of the process.
— Spencer Rascoff (@spencerrascoff) December 18, 2014
Zillow reported that 88.75 percent of its shareholders and 79.52 percent of Trulia’s shareholders voted to approve the deal.
The firms are still waiting for the Federal Trade Commission to complete an antitrust review that began soon after the deal was announced in late July. In September, the FTC asked Zillow and Trulia for additional information as part of a second round of analysis.