logo
Plus   Neg
Share
Email

LendingTree To Acquire Value Holding

LendingTree Inc. (TREE) said that it agreed to acquire Value Holding Inc. for the total consideration of $105 million in cash. LendingTree expects the acquisition to be immediately accretive to 2019 adjusted earnings per share.

The acquisition is expected to close in the first quarter of 2019 subject to customary closing conditions. LendingTree intends to fund the acquisition through cash on hand and by drawing on its existing credit agreement.

Value Holding, the parent company of ValuePenguin.com, is a personal finance website that offers consumers objective analysis on a variety of financial topics from insurance to credit cards.

For the nine months ended September 30, 2018, ValuePenguin generated approximately $12.5 million in revenue and $9 million in adjusted EBITDA.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
While reporting financial results for the third quarter, Johnson & Johnson (JNJ) on Tuesday raised its earnings and sales forecast for the full year 2019. For fiscal 2019, the company now projects adjusted earnings in a range of $8.62 to $8.67 per share and adjusted operational earnings in a range... Uber Technologies Inc. (UBER) said Monday that it laid off about 350 employees across several different teams, as part of its final phase of layoffs of the process it began earlier this year. Porsche unveiled a cheaper version of its Taycan all-electric sports car, Taycan 4S. This is the third version of the sports saloon after Taycan Turbo S and Taycan Turbo launched in September. According to Porsche, Taycan 4S is now the new entry-level model in the Taycan series. The new model is available is two versions based on battery sizes.
RELATED NEWS
Follow RTT
>