XLMedia buys financial services comparison site – Stock Market Wire

StockMarketWire.com – XLMedia (XLM), a provider of digital performance marketing, has acquired www.Moneyunder30.com (MU30), a US focused price comparison website for financial services, for $7 million.

The acquisition will be immediately earnings enhancing from completion. MU30 is a personal finance site providing information for young adults wanting to make informed financial decisions, particularly around credit cards, loans, mortgages and savings accounts.

XLMedia’s strategy is to expand geographically in North America and to expand its footprint in the financial services sector.

MU30 complements XLMedia’s recent acquisition of www.Greedyrates.ca, a Canadian focused credit card comparison website.

At 8:37am: [LON:XLM] XLMedia Plc share price was +3.5p at 135.5p

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