Bankrate Inc., the owner of Austin-based CreditCards.com, has agreed to be acquired by Red Ventures in an all-cash transaction valued at roughly $1.4 billion, the companies announced Monday morning.
The deal would pay Bankrate (NYSE: RATE) shareholders $14 per share, a premium of roughly 31 percent compared with the company’s three-month average closing price. The merger will create a "scaled and diversified digital platform of consumer marketplaces," according to the announcement.
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