Trulia Inc. (NYSE: TRLA) is buying Kirkland, Wa.-based Market Leader Inc. (Nasdaq: LEDR), a company that provides customer-relationship management software for the real estate sector, for $355 million.

The purchase price works out to $11.33 per share. Market Leader’s shareholders will receive $6 in cash and 0.16 shares of Trulia common stock for each share of the target’s stock. The combined company is expected to have about 46,000 premium subscribers and be headquartered in San Francisco.

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