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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC (TREE)
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LendingTree : to Acquire Ovation Credit Services

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05/11/2018 | 05:36pm CEST
Deal Type: Acquisition
Deal Sub Type: Majority Acquisition
Deal Country: United States of America
Deal Status: Announced
Deal Value: 20.7500 Million USD

Deal in Brief

LendingTree, Inc., a company involving in online loan marketplace for consumers seeking loans and credit-based offerings, has entered into a definitive agreement to acquire Ovation Credit Services, Inc., a provider of credit report repair and correction consulting services, for USD20.75 million. Both companies involved in the transaction are based in the US. Under the terms of consideration, LendingTree will pay USD12 million in cash at closing, and contingent consideration payments of up to USD8.75 million. Following the transaction, Ovation Credit Services' team will join LendingTree. Terry Cordell is the president of Ovation Credit Services. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second quarter of 2018.

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Financials ($)
Sales 2018 755 M
EBIT 2018 113 M
Net income 2018 108 M
Finance 2018 44 504 M
Yield 2018 -
P/E ratio 2018 30,25
P/E ratio 2019 37,05
EV / Sales 2018 -55,0x
EV / Sales 2019 -157x
Capitalization 2 977 M
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Number of Analysts 13
Average target price 301 $
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
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