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Anorak | Martin Lewis sells MoneySavingExpert to MoneySupermarket for £87m

Martin Lewis sells MoneySavingExpert to MoneySupermarket for £87m

by | 1st, June 2012

MARTIN Lewis has sold his MoneySavingExpert site to MoneySupermarket for £87m.

Hard work, media whoring, affiliate deals self-promotion pay off. In the year ended 31 October 2011, MoneySavingExpert reported revenues of £15.773 million. The site is not only about you saving money. It’s about the site making money promoting those ‘savings’.

And it’s good news for everyone because Lewis can now afford to pay full price wherever he goes. Although had MoneySupermarket shopped around tehy could have got it for 11% less on a two-year contract with…etc.

 

 



Posted: 1st, June 2012 | In: Money Comments (3) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink