The Telegraph is reporting that the Confused.com sale is over – Admiral have changed their mind!
Car insurance group Admiral has ended talks over the sale of a stake in its price comparison website Confused.com saying it did not want to lose its control over the unit’s strategy.
Is this due to the recent debacle over the MoneySupermarket IPO?
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Would be really interesting to know the extent of debt vs p/e for confused. Something says too much of a risk? Either way, glad Confused.com at least aren’t spamming my forum, unlike those anonymous moneysupermarket posts!
@FM, You’re absolutely right! We’ve got a moneysupermarket post coming up that you may be interested in – all about their IPO.
(Hat tip to you over at DaveN’s pages!)
George
@FM, Just tried to drop you an email – it bounces. Do you have any other contact details?
Hi George –
Sorry about that – just moved the site to a new host a few days ago, and there have been a load of backroom bugs to smooth out.
Feel free to contact me via brian at britecorp.co.uk – very interested in the MS IPO.