Announced
Financials
Sources
Tags
United Kingdom
Completed
cashback business
Private
Friendly
Acquisition
Domestic
Majority
Single Bidder
Financial Data and Systems
Synopsis
Moneysupermarket.com, a price comparison website-based business, agreed to acquire Quidco, a consumer cashback business, for up to £101m.The consideration is £87m in cash with additional £14m deferred. “As an early pioneer of cashback, Quidco has continually innovated to bring more cashback to more members. We are excited to continue this journey within Moneysupermarket Group which opens up more opportunities and savings for members," Paul Nikkel, Quidco Founder & Co-CEO.
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