InsideArbitrage June 2024 Mid-Month Update – Zillow
Zillow – Class A (ZG): $46.55
Market Cap: $11.37B
Enterprise Value: $10.30B
Key Insights:
- Independent Director Jay Hoag, who has served on Zillow’s board since 2005 purchased $100 million worth of Zillow Class C (Z) shares this week.
- Shares were purchased through the venture capital firm Technology Crossover Ventures, now called TCV, which is a unique VC firm that makes private investments and public market investments in firms it previously backed.
- Previous TCV investments include Airbnb, Spotify, Facebook, Netflix and Zillow.
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