LendingTree announced Tuesday it has completed its acquisition of Value Holding Inc., the parent company of personal finance website ValuePenguin. 

LendingTree announced in December 2018 it was purchasing the personal finance website. The company paid $105 million for Value Holding Inc., according to its press release. LendingTree stated it borrowed $90 million under its existing credit agreement and used its cash on hand to complete the transaction.  

In October 2018, the company acquired QuoteWizard.com, an insurance comparison marketplace, bringing its proprietary platform and network of nearly 10,000 agents to LendingTree’s portfolio. 

When the deal was announced last year, LendingTree Founder and CEO Doug Lebda said that the company is thrilled to add ValuePenguin's team and expertise to its portfolio, and believes that once paired with QuoteWizard's technology, it could provide tremendous value to customers. 

"Our recent QuoteWizard acquisition was our first step toward leadership in insurance customer acquisition.  Adding ValuePenguin's high-quality content and SEO capability to QuoteWizard's proprietary technology and carrier network will set us apart and enable us to provide immense value to carriers and agents,” Lebda added. 

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please