Speaker unverified: prediction

Transcript context

…As did Pete and the Trulia board for their shareholders. So, on June 5, two days later, Rich contacts Pete again and this time is more overt, and says the Zillow board fully supports a merger proposal, and mentions and spoken to the shareholders that you have in common and that they’re supportive of the merger as well, and then a couple days later Rich does send the letter to Pete and take Greg Waldorf, who was Trulia’s lead director. In the previous negotiations, had things gotten to that point before? Had you guys put a deal on the table so to speak or was this a new tactic you were taking? We had not directly put anything before the Trulia board. We had had, I recall, one meeting with more representatives of management on both sides. I expect and I’m sure that Pete and team were to have conveyed the substance of our discussions to the board, but we had never directly approached the board. I mean, this was a way of kind of turning up the urgency of the offer a little bit. Indeed. I mean, the process must have been a whirlwind. It was less than 6 weeks later, I think, the merger ends up getting announced. So even though you had the stalled talks in the past over the couple of years, but to go from zero to fully negotiating and announcing a merger, that’s a tight timeline.…

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