Technology

Zillow pays $108 million for dotloop

SEC filings reveal purchase price of transaction management platform

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When Zillow Group purchased dotloop, immediate speculation was rampant — what would Zillow be doing, exactly, with dotloop’s data? And how much did Zillow pay for the real estate transaction management platform?

The first question is still up in the air, but documents filed with the Securities and Exchange Commission (SEC) have answered the second: Zillow Group paid $108 million for dotloop. From the filing:

“The purchase price will be approximately $108 million in cash, less certain transaction expenses and as adjusted at closing based on DotLoop’s net working capital, cash and debt, plus the estimated fair value of substituted stock options attributable to pre-combination service.”