Rafat Ali
Aug 20, 2009 4:06 PM
The Deal Professor on NYTimes.com raises some great questions on the Bankrate’s sale deal to Apax Partners, after combing through the tender offer SEC filings. Among the main points raised: the management seems to want to push through the deal with Apax, and may not have gone through a full…
Keep Reading »
Posted In:
Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate
Rafat Ali
Aug 2, 2009 6:17 PM
On its Q209 earnings call, Bankrate (NSDQ: RATE) CEO Tom Evans spoke at length about his company’s decision to go private, in a pending deal to be acquired by Apax Partners for $571 million. Some good thoughts on why it made sense, though I’m intrigued by the tone they’ve taken:…
Keep Reading »
Posted In:
Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate
Rafat Ali
Jul 22, 2009 1:38 PM
Updated below with more deal details: Consumer financial information and lead gen service Bankrate (NSDQ: RATE) is being acquired by PE firm Apax Partners, in a deal just announced. The North *Palm* Beach, FL-based company is also announcing its its horrendous Q209 prelim results in conjunction with the deal. Will…
keep reading for more deal points; Bankrate's Q209 earnings »
Posted In:
Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate
Joseph Weisenthal
Sep 23, 2008 2:03 PM
Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Bankaholic’s sole employee John Wu will…
Keep Reading »
Posted In:
Money, M&A & Venture Capital, Mergers & Acquisitions, bankaholic, bankrate
Joseph Weisenthal
Aug 4, 2008 3:05 PM
Financial info portal Bankrate (NSDQ: RATE) announced Q2 revenue of $40.2 million, a 73 percent increase from $23.2 million in the year-ago quarter. The top-line figure matches what the company said back in early July, when it lowered its forecasts due to a softening display market. The company offers a…
Keep Reading »
Posted In:
Advertising, Money, Earnings, bankrate
Joseph Weisenthal
Jul 7, 2008 7:42 AM
Financial site Bankrate (NSDQ: RATE) had been holding up admirably in the face of the weak mortgage market, as it consistently turned in strong results in recent quarters. In the past month or so, investors obviously lost confidence, sending its shares down over 35 percent, to around its 52-week low.…
Keep Reading »
Posted In:
Advertising, Money, Earnings, bankrate
Joseph Weisenthal
May 1, 2008 4:10 PM
There’s gotta be some connection between the real housing market and Bankrate (NSDQ: RATE), since so much of their business is lead-gen for lending. But for now, the company seems to be operating outside the laws of physics. Q1 revenue jumped 91 percent to $42.5 million, from $22.2 million. Net…
Keep Reading »
Posted In:
Money, Earnings, bankrate
Joseph Weisenthal
Feb 5, 2008 5:37 PM
Financial info site Bankrate (NSDQ: RATE), considered to be something of a key bellwether given its reliance on the mortgage market, reported Q4 revenues of $25.2 million, a 22 percent year-over-year increase from $20.7 million. Net income increased 5 percent to $4.1 million ($.21 per share) from $3.9 million ($.21…
Keep Reading »
Posted In:
Advertising, Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, bankrate
Joseph Weisenthal
Nov 1, 2007 7:38 AM
Despite troubles in the mortgage sector, online financial marketplace and aggregator BankRate announced Q3 revenue $24.9 million, up 28 percent from last year’s $19.5 million. Net income jumped to $5.4 million from $1.2 million, although the prior year’s quarter included a $3 million legal settlement charge. Some highlights: —Display ad…
Keep Reading »
Posted In:
Money, Earnings, bankrate
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: