Bankrate acquiring two Web companies |
BusinessWeek - Dec 10, 2007 |
Bankrate Inc., an operator of a consumer finance Internet site, said Monday it will acquire Nationwide Card Services Inc. and Savingforcollege.com LLC in separate deals.
Bankrate will purchase Nationwide Card Services, which markets consumer and business credit cards on the Internet, for $26.4 million, with an additional $7 million in potential future payments based on the company's performance over the next two years.
Bankrate will spend $2.5 million, with up to an additional $2 million in performance bonuses, to acquire Savingforcollege.com. The privately held company operates a Web site that provides information about college savings plans.
Read Full Article from BusinessWeek
- Posted: 2007-12-10 09:58:43
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