Experian Cancels Pricegrabber.com Sale Efforts; Blames Failure On Credit Crunch
More evidence arrives illustrating how the collapse of credit markets around the world is affecting companies’ ability to make deals happen. UK credit checking firm Experian has cancelled the sale of price comparison website Pricegrabber.com because it couldn’t find a buyer willing - or able - to finance the deal. Experian bought the site for $485 million (£281 million) in 2005 and by the looks of things it’s going to be holding onto it for a while longer than planned. More from our sister site paidContent:UK.
Oct 15, 2008 10:36 AM ET
Posted In: Money, experian, pricegrabber
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Comments (1)
Oct 15, 2008 4:53 PM
Is that why they cancelled the sale or they figured that people will be doing more comparison shopping in a down market so price grabber has an adverse opportunity to thrive and contribute to GUS earnings given they also own a few luxury brands (burberry) which will really suffer?