Go Compare rejects £460m Zoopla-owner bid
ZPG made unsolicited approaches to buy the aggregator which were “unanimously and unequivocally rejected” by the board according to a statement from Go Compare.
Go Compare has rejected an unsolicited bid by Zoopla and USwitch owner ZPG to buy the price comparison website in a deal which would have valued the business at 110p per share.
The aggregator, which completed a demerger from Esure last year, released a statement noting: “Go Compare Group confirms that on 8 November 2017 ZPG made an unsolicited approach regarding a potential acquisition of the Company for a consideration of 110p per Go Compare share in a combination of cash and shares.”
The
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