(Sharecast News) - Media company Future said on Monday that its £594m acquisition of GoCompare owner GoCo has been approved by the UK's Financial Conduct Authority.
Future, which publishes Country Life magazine, announced in November last year that it had agreed to buy GoCo in a deal that values the company at 136p a share. Under the terms of the deal, GoCo shareholders will receive 0.052497 new Future shares and 33p in cash for each of their shares.
Announcing the acquisition last year, Future said: "The complementary content and price comparison offerings of the combined group will more broadly be able to address a wider range of key purchasing decisions for consumers and help them save money.
"The Future directors believe the combination provides a truly unique opportunity to capitalise on the combination of Future's deep audience insight, GoCo Group's expertise in price comparison and the proprietary technology of both groups."
The takeover is due to be voted on by shareholders on 14 January.
16 Aug 2018 10:02
PRESS: Amazon Exploring Creating UK Price Comparison Website - Reuters
LONDON (Alliance News) - Amazon.com Inc is considering entering into the UK price comparison website market, Reuters reported on Thursday.The news agency said Amazon has been sounding out a
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