Items Tagged with 'Red Ventures'

ARTICLES

  • Baton Holdings agrees to $28 million fine to settle Bankrate fraud scheme

    Bankrate's successor admits former execs cooked the books
    As Bankrate's successor in interest, Baton Holdings has agreed to pay $28 million to settle the accounting fraud charges against Bankrate. Baton admitted that former Bankrate executives inflated earnings, which led to at least $25 million in losses for shareholders, and agreed to pay a penalty and restitution to settle the case.
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  • Financial publishing giant Bankrate selling to Red Ventures for $1.24 billion

    All-cash deal values Bankrate at $1.4 billion
    In a move that could shake up the financial services industry, Bankrate announced earlier this week that it agreed to be acquired by Red Ventures, which bills itself as a “digital consumer choice platform,” in a deal that values Bankrate at $1.4 billion. Under the terms of the agreement, Bankrate shareholders will receive $14 per share in cash, which places the total purchase price for Bankrate at approximately $1.24 billion.
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