GUS buys Pricegrabber for $485 Million
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I’m sure that if you are reading this you have used our shopping.com pricing service or pricegrabber.com at least once as every hardware review site uses them. It turns out that UK retail group GUS has bought US online cost-comparison firm Pricegrabber.com for $485m. No word on what changes if any are going to take place at pricegrabber.
The US firm is being bought by GUS’s Experian business, which is best known for providing credit checking services to businesses. Experian boss Don Robert said that Pricegrabber had higher profit margins than larger rivals Shopzilla.com and Shopping.com. “We think they’re the most consumer-friendly company out there and we’ve been courting them for quite some time,” he said on Wednesday.
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