Bankrate

Financial publishing giant Bankrate selling to Red Ventures for $1.24 billion 

In a move that could shake up the financial services industry, Bankrate announced earlier this week that it agreed to be acquired by Red Ventures, which bills itself as a “digital consumer choice platform,” in a deal that values Bankrate at $1.4 billion. Under the terms of the agreement, Bankrate shareholders will receive $14 per share in cash, which places the total purchase price for Bankrate at approximately $1.24 billion.