Looks like the market thinks it is a lousy deal with Z stock down 4% already today. Zillow seems so desperate to maintain growth at any cost it is paying silly money for acquisitions. $16m for a 21 employee company? Makes you wonder what Due Dilligence they did especially after the discussion in the last week about HP's failed Autonomy acquisition. I see a big goodwill writeoff not to far away when revenue projections for Hotpad fail to materialize. .
none of your comment even makes sense. do you really think they're buying hotpads for revenue growth? and how do you even know what their revenues are? how about their revenue projections, which you assume will fail to materialize...whatever that means? also are you aware of how many employees instagram had when FB bought them for nearly $1 Billion?