M&A Deal Summary

LendingTree Acquires Deposits Online

On June 15, 2017, LendingTree acquired internet software and services company Deposits Online

Acquisition Highlights
  • This is LendingTree’s 3rd transaction in the Internet Software and Services sector.
  • This is LendingTree’s 4th transaction in the United States.
  • This is LendingTree’s 1st transaction in Alabama.

M&A Deal Summary
Date 2017-06-15
Target Deposits Online
Sector Internet Software and Services
Buyer(s) LendingTree
Deal Type Add-on Acquisition

Target

Deposits Online

Brimingham, Alabama, United States
Deposits Online LLC (DepositAccounts.com) is an online publication in the United States dedicated to providing bank deposit account information for consumers. It covers all 11,500+ federally insured banks and credit unions and utilizes its patented technology to daily track and update more than 270,000 consumer deposit rates. The site features more than 12,000 editorial articles detailing creative depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 120,000 comments, customer reviews, and forum threads.

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Buyer(S) 1

Buyer

LendingTree

Charlotte, North Carolina, United States
Category Company
Founded 1996
Sector Financial Services
Employees860
Revenue 672M USD (2023)
DESCRIPTION

LendingTree is an online lending exchange. LendingTree is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products. LendingTree was founded in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 9
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 4 of 8
State (Alabama) 1 of 1
Country (United States) 4 of 8
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Iron Horse Holdings

Charleston, South Carolina, United States

Iron Horse Holdings LLC (dba CompareCards) is an online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Camino del Avion Delaware

United States

Camino del Avion Delaware LLC (MagnifyMoney) is a consumer-facing media property that offers unbiased editorial content, expert commentary, tools and resources to help consumers compare financial products and make informed financial decisions.

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