Online financial news publisher Bankrate on Monday announced it has agreed to be acquired by digital platform builder Red Ventures in an all-cash deal with an enterprise value of about $1.4 billion.
Bankrate shareholders will receive $14 a share, which represents a premium of approximately 31 percent over Bankrate’s three-month average closing share price.
The deal has been unanimously approved by Bankrate’s board of directors.
Source: Tech CNBC
Bankrate to be acquired by Red Ventures for about .4 billion in cash