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Ewloe firm Moneysupermarket.com acquires rival in £11m deal

PRICE comparison company Moneysupermarket.com has bought a rival business in a deal which could be worth up to £11m.

The Ewloe-based web giant confirmed the acquisition of internet offers company Local Daily Deals this week.

The firm said the contract was for an initial £1m, but the figure could rise by a further £10m over the next three years if certain financial targets are met.

Moneysupermarket said the deal was completed in August, but details of the purchase were only made public yesterday (Wednesday).