With a 594 million pound deal, British publisher Future to take over owner of Go Compare
LONDON (UK) – British publisher Future PLC agreed to buy GoCo Group, the owner of Go Compare, one of Britain’s leading price comparison sites for financial products, in a deal valued at 594 million pounds, the companies announced on Wednesday.
The companies added GoCo Group shareholders will receive 0.052497 new Future shares and 33 pence in cash, valuing each GoCo Group share at 136 pence.
GoCo Group shares jumped to over a two-year high following the announcement. Future shares were down about 5% at 0912 GMT.