Property News · June 1, 2012

Martin Lewis sells MoneySavingExpert for £87m


Personal finance guru Martin Lewis will continue to edit site after sale to MoneySupermarket and will donate £10m to charityPersonal finance journalist Martin Lewis has sold his MoneySavingExpert website to the price comparison company MoneySupermarket in a deal which will net him up to £87m.Lewis set up the site, which offers money saving tips and advice, reader forums and calculators, in 2003 and it now has around 5 million subscribers to its weekly email. According to Google Analytics, it attracted around 39 million unique visitors and 277m page impressions in the year ending 31 October 2011. It reported revenues of £15.7m for the same period. Continue reading…

Source : theguardian.com
Read more…Martin Lewis sells MoneySavingExpert for £87m