Bankrate Buys Three Sites For $4.44 Million

Personal finance information company Bankrate.com announced its Q2 earnings and profits were flat despite higher revenue, due largely to stock options expensing. IT also announced thaht it is buuing three websites from East West Mortgage for $4.4 million in cash. The sites are Mortgage-calc.com, Mortgagecalc.com and Mortgagemath.com. The company said it expects the deal to close within a week, and added that the acquisition is expected to be accretive to earnings in 2006.
The company expects the organic traffic from these sites to help fuel its display and text-link ad sales and to add to earnings in the near term.
Some more details in the release here.

Comments have been disabled for this post