Nextag deal is done for $863 million

Providence Capital Partners has acquired 66% of comparison shopping engine for about $863 million, pegging the value of the company at $1.2 billion, reports the Wall Street Journal, though it doesn’t have any official confirmation so to speak. We had first reported on the pending deal last week and said that the deal was valued between $1-and-$1.2 billion. Apparently, it was the whole company (Nextag) that was valued at $1.2 billion. Bah!

  • Category: Web