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Zippity do dough! ZipRealty soars 122%

July 16th, 2014 No comments

X00220_9Wednesday’s greatest marketplace gainer, ZipRealty, rocketed 122% to $6.70  after Realogy Holdings pronounced it would appropriation the genuine estate brokerage services company.

ZipRealty provides on-line selling collection for home sales and operates genuine estate brokerages in twenty-two states.  Realogy is a tellurian personality in residential genuine estate sales, with brands together with Century 21, ERA and Coldwell Banker.

“This contract has dual singly tasteful facets for Realogy. First, we have been appropriation an established, rarely productive, technology-based inhabitant residential brokerage operation. Second, we will gain on the innovative record height that ZipRealty has honed over some-more than a decade of development,” pronounced Realogy CEO Richard Smith. ” ZipRealty’s technology provides a seamless digital knowledge for consumers, brokers and sales associates opposite the complete genuine estate contract hold up cycle.”

The squeeze cost is valued at about $166 million. Realogy sealed up thirty cents to $37.59.