Red Ventures to buy Bankrate for $1.4B

Red Ventures to buy Bankrate for $1.4B

In its biggest acquisition to date, marketing and technology firm Red Ventures will buy personal finance website Bankrate in a $1.4 billion deal that is slated to close this year. The move follows Red Ventures’ recent decision to buy Choose Energy, a Texas-based online marketplace for electricity and natural gas, for an undisclosed amount. Red Ventures, which has its headquarters south of Charlotte in Indian Land, S.C., has 2,700 employees.

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