M&A Deal Summary

Red Ventures Acquires Choose Energy

On June 26, 2017, Red Ventures acquired internet software and services company Choose Energy

Acquisition Highlights
  • This is Red Ventures’ 1st transaction in the Internet Software and Services sector.
  • This is Red Ventures’ 2nd transaction in the United States.
  • This is Red Ventures’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-06-26
Target Choose Energy
Sector Internet Software and Services
Buyer(s) Red Ventures
Deal Type Add-on Acquisition

Target

Choose Energy

Plano, Texas, United States
Choose Energy, Inc. is an online energy marketplace that allows consumers to compare retail electricity plans and seamlessly enroll online.

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Buyer(S) 1

Buyer

Red Ventures

Fort Mill, South Carolina, United States
Category Company
Founded 2000
Sector Marketing
Employees950
DESCRIPTION

Red Ventures operates a portfolio of influential brands, digital platforms, and strategic partnerships that work together to connect millions of people with expert advice. Red Ventures was founded in 2000 and is based in Fort Mill, South Carolina.

DEAL STATS #
Overall 2 of 10
Sector (Internet Software and Services) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 2
Country (United States) 2 of 9
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 MYMOVE

Fort Mill, South Carolina, United States

MYMOVE, LLC is a media company with technology, data and marketing expertise. The Company has an exclusive relationship with the USPS that allows it to connect brands with roughly 39 million movers every year. MYMOVE helps the USPS facilitate the official Change of Address process. Through this partnership, the company is able to reach millions of movers at the most important point of their move.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Bankrate

New York, New York, United States

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

Buy $1.4B
Mergr

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