COSTA MESA, Calif. - (05/09/05) -- Credit bureau Experian said lastweek it has acquired LowerMyBills.com, an online service that helpsindividuals lower their expenses by, among other things, matchingusers with the names of credit card issuers that offer the lowestrates. Under the deal, Experian paid $330 million and it agreed topay an additional $50 million over the next two years ifLowerMyBills' performance meets Experian's internal expectations.LowerMyBills will be combined with Experian Interactive's otherbusinesses, including Experian Consumer Direct, which providescredit reports directly to consumers; MetaReward, which acquiresconsumers for advertisers, and Affiliate Fuel, an Internetmarketing company. LowerMyBills has relationships with more than400-service providers across 17-service categories, includingmortgage lenders, automobile and health insurancecompanies.
Experian AcquiresLowerMyBills.Com
May 09, 2005, 1:00 a.m. EDT 1 Min Read
