Trulia CEO Pete Flint tells CNBC that the company is “building a fabulous business” and is not for sale. Rumors that brokerage and franchise giant Realogy was in talks to acquire Trulia helped push the listings portal’s share price up 10 percent Wednesday.
Asked if Trulia was in the market to make some acquisitions itself, Flint noted that the company just closed on its $355 million acquisition of Market Leader in August, and that the marriage of the two companies is a “tremendous opportunity.”
That said, the company is “very active” in looking at potential opportunities to acquire smaller companies — so far this year, Trulia’s looked at 35 potential deals, Flint said. Source: CNBC.com