Zoopla aquisition completes
May 28, 2015
The aquisition of utility price comparison website uSwitch by Zoopla the residential property website has now completed.
In a short statement released on Wednesday Zoopla said it had received clearance from the Financial Conduct Authority to complete the transaction, which had first been announced in April.
The uSwitch website made revenues of £62.9m and adjusted operating profits of £16.2m last year from helping consumers compare rates on gas, electricity, home phone, broadband, credit cards, and secured and unsecured personal loans.
Zoopla shares closed up 2.87% to 240.00p on Wednesday.
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