Experian fails to offload PriceGrabber
Experian, the information company, has announced its sale of price comparison site PriceGrabber has fallen through in acrimonious circumstances.
Experian, the information company, has announced its sale of price comparison site PriceGrabber has fallen through in acrimonious circumstances.
The $175m disposal was announced back in May, but Experian says the purchase deadline has now passed and that it believes the putative buyer, Indian outfit Ybrant Digital, is "in breach of contract".
PriceGrabber, which operates in both the UK and US, was put up for sale alongside a US focused lead generation business known as LowerMyBills.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Experian says it continues "to explore options to sell the businesses".
The group's share price was down 1% in early trading.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published