ZPG the parent group of Zoopla has announced the purchase of Money.co.uk for 80 million pounds; there is the possibility of an additional 60 million pound payoff, depending on future performance.
Money.co.uk is a website that allows customers to compare credit cards, mortgages, and similar financial products. Money.co.uk was founded in 2008; the website earned 24.7 million pounds last year.
Zoopla Group started out as house listing service. In 2015 they purchased the energy comparison service uSwitch.
Key Takeaways:
- Zoopla is making a major financial move in the future for those interested. Their latest buying opportunity could be worth upwards of 140 million British pounds.
- That big time deal may be a significant move in the country overall. Zoopla is expected to garner some significant praise for their acquisition.
- Employees and stock holders are waiting to see how the deal itself is received. People want to ensure the long term success of Zoopla as a leader in the UK.
“Zoopla Group is branching out further from its traditional business of house listings with the acquisition of financial comparison website Money.co.uk.”
Read more: https://uk.news.yahoo.com/zoopla-buying-financial-comparison-money-071116876.html