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M&A Deal Summary

IAC Acquires PriceRunner

On December 9, 2013, IAC acquired internet software and services company PriceRunner from Conversant

Acquisition Highlights
  • This is IAC’s 14th transaction in the Internet Software and Services sector.
  • This is IAC’s 1st transaction in Sweden.
Investment Fate
  • PriceRunner was divested to a consortium of buyers in 2016.
  • PriceRunner was sold to a consortium of financial buyers in 2020.
  • PriceRunner was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2013-12-09
Target PriceRunner
Sector Internet Software and Services
Buyer(s) IAC
Sellers(s) Conversant
Deal Type Divestiture

Target

PriceRunner

Stockholm, Sweden
PriceRunner is a provider of comparison shopping services in the Nordic region. It has businesses in Sweden, Denmark, Norway, and the United Kingdom and compares 3.4 million products from 22,500 retailers in 25 countries. The company is independent of all manufacturers, brands, and retailers with a mission is to help consumers to find the right products and the best deals. PriceRunner was formed in 1999 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

IAC

New York, New York, United States
Category Company
Sector Digital Media
Employees8,300
Revenue 3.8B USD (2024)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.

DEAL STATS #
Overall 20 of 23
Sector: Internet Software and Services M&A 14 of 16
Type: Divestiture M&A Deals 3 of 3
Country: Sweden M&A 1 of 1
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Investopedia.com

Edmonton, Alberta, Canada

Investopedia.com is an online portal for investor education. A comprehensive and frequently visited investor education website, Investopedia.com draws over 2,900,000 monthly users and 20 million monthly pageviews.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Slimware Utilities Holdings

D'Iberville, Mississippi, United States

SlimWare Utilities is a new, U.S.-based software company founded on the premise that cloud computing and crowd-sourced applications will revolutionize the performance of personal computers.

Buy -

Seller(S) 1

SELLER

Conversant

Westlake Village, California, United States
Category Company
Founded 1998
Sector Internet Software and Services
Employees1,289
Revenue 573M USD (2013)
DESCRIPTION

Conversant, Inc. is a developer of an "Internet of Things Service Bus" (IoT-SB) which can securely and efficiently connect devices, sensors, and actuators to users, applications and databases for data analysis and process control.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Investopedia.com

Edmonton, Alberta, Canada

Investopedia.com is an online portal for investor education. A comprehensive and frequently visited investor education website, Investopedia.com draws over 2,900,000 monthly users and 20 million monthly pageviews.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 SET Media

New York City, New York, United States

SET Media, Inc., a digital video technology company that connects brands with people through high quality, targeted and brand safe video advertising. We applied this science to online advertising by becoming experts in online video buying, spending several years buying online video for major brands like Microsoft, Sony, and Disney.

Buy -
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