LendingTree looks to diversify with acquisition

LendingTree looks to diversify with acquisition

LendingTree Inc. is looking to diversify its financial-services offerings through the acquisition of certain assets from the operator of DepositAccounts.com for as much as $33 million. Founded in Charlotte in 1998, LendingTree is an online loan broker that connects consumers with lenders, banks, and credit partners. DepositAccounts.com, based in Birmingham, Ala., tracks more than 270,000 consumer deposit rates.

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