Moneysupermarket acquires Quidco for £101m

Moneysupermarket (MONY.L) has snapped up Maple Syrup Media, which trades as Quidco, for £101m ($139m).

The online price comparison website said on Tuesday that the move falls in line with its expansion plans, and long-term goals of helping households to save money.

The debt-free, cash-free deal consists of an initial sum of £87m, with a further deferred £14m, and follows Moneysupermarket’s takeover of Decision Tech in 2018.

Quidco is the second largest cash back business in the UK with around 1 million transacting users. It offers cashback at around 4,500 merchants including retail, travel and switching services.

“The group will benefit from adding a broad and leading cashback offer, providing an additional way for our users to save on even more products and services,” Moneysupermarket said.

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