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Ybrant Experian website deal collapses

27 Sep 2012 12:00 AM | Anonymous

Ybrant Digital has failed to acquire three Experian owned sites after it failed to make payments in time.

The deal would have seen Ybrant acquire PriceGrabber, LowerMyBills and ClassesUSA.co but was unable to pay $100 million with a further $75 million in deferred payment within the timeframe.

The Indian digital marketing company said: “The proposed deal to buy the Experian properties could not be completed within the committed timeline. The company is working toward the same and shall notify the Exchange as soon as some concrete developments occur."

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