Experian sells non-core businesses for 80m dollars
Experian, a global information services company, has completed the sale of PriceGrabber and its North America online lead generation activities for 80m dollars, with a possible $30m extra on earnouts.
Experian, a global information services company, has completed the sale of PriceGrabber and its North America online lead generation activities for 80m dollars, with a possible $30m extra on earnouts.
PriceGrabber, a price comparison shopping business, and LowerMyBills and ClassesUSA, will be sold to the management teams of those businesses.
The gross consideration is $80m, comprising $2m cash and a $78m loan note. In addition, if profit targets are met, Experian could receive up to $110m.
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 expects to realise cash tax relief of about $120m over the next two years.
For the year ended March 31st 2012, revenues for the businesses sold were $283m and earnings before interest and tax were £20m.
CM
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Giorgio Armani: the irreplaceable Il Signore
Giorgio Armani started his fashion business in 1975 and built it into the world’s largest private luxury brand. Where can it go without him?
-
A strange calm in credit
Corporate bond markets remain remarkably relaxed, with yields that offer little compensation for risks