Experian – Pricegrabber.com Acquisition?
December 11th, 2005Josh Stomel seems to thinks so … [link] Predicted pricetag – $470MM
Is NexTag next? IACI – NexTag would be interesting, given IACI owns LendingTree/Getsmart. NexTag makes a lot of its money from Home Loan Lead generation..
UPDATE!: Experian acquires PriceGrabber.com – $485 million
GUS plc, the retail and business services group, today announces that Experian has acquired PriceGrabber.com, a leading provider of online comparison shopping services in the US. PriceGrabber.com operates in fast-growing markets and complements Experian’s existing operations connecting consumers to companies over the Internet. The purchase price is $485m plus expenses and was funded from GUS’ existing bank facilities. [Link to Press Release]
Great call Josh on the price and timing! and great call David on calling the match way back in time (link)!
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December 13th, 2005 at 8:22 pm
Re; Nextag, give it 2 months, something will happen
December 14th, 2005 at 3:25 pm
The space started heating up last summer. PriceGrabber is the first of several acquisitions you will see in this space over the next 12 months. There are still at least a dozen companies that need to get into this game.
http://www.revenews.com/davidlewis/archives/000716.html