GENERAL MERCHANDISE NEWS
GUS aquires PriceGrabber.com
14 December, 2005 | by Retail Bulletin
GUS plc has announced that Experian has acquired PriceGrabber.com, a provider of online comparison shopping services in the US
PriceGrabber.com operates in fast-growing markets and complements Experian’s existing operations connecting consumers to companies over the Internet. The purchase price is $485m plus expenses and was funded from GUS’ existing bank facilities.
Don Robert, Chief Executive Officer of Experian, said ‘As a trusted and preferred comparison shopping destination, PriceGrabber.com has a leading position in a fast-growing market. When combined with the complementary skills, expertise and scale of Experian, in both Interactive and Marketing, we are very excited about the future growth prospects for PriceGrabber.com.’
