Pricegrabber $470m
Jay Weintraub has the news that Experian, owner of Lowermybills and other Internet assets, will likely announce the acquisition of Pricegrabber on Wednesday for around $470m.
More than that, he profiles the company, Valueclick and alludes to “capital events” for Nextag and Quinstreet (I imagine a VC firm with private equity ambitions might be interested in liquidating the founders). The reason being, the firms are already profitable and there is no real need to spend $2m/year on SOX compliance by going public (if you’re market cap is anything less than $700m, it’s probably not worth going public these days).
A Match Made at Revenews?
It’s official! Experian has acquired PriceGrabber. The price tag was $485 million. It makes sense. Experian is about lead generation. PriceGrabber is really a lead gen engine for merchants with a shopping comparion UI. Here was my prediction last June…