On 10 May 2012, Experian, the global information services company, announced an agreement to sell PriceGrabber, its price comparison shopping business, and its North America online lead generation activities to Ybrant Digital. We today announce that following the expiration of the final deadline Ybrant Digital has failed to comply with its obligation to close the transaction and Experian considers Ybrant Digital to be in breach of contract.
We continue to explore options to sell the businesses, which remain non-core to Experian, and a further announcement will be made in due course. In the 5 months ended August 2012, organic revenue growth for the businesses under consideration was 1%.
As we remain committed to selling the businesses they continue to be treated as held for sale as discontinued operations. Therefore they will be excluded from organic revenue growth and Benchmark profit before tax and Benchmark EPS.
| Experian | ||
| Nadia Ridout-Jamieson | Director of Investor Relations | +44 (0)20 3042 4215 |
| James Russell | Communications Director, UK&I and EMEA | |
| RLM Finsbury | ||
| Rollo Head | +44 (0)20 7251 3801 | |
| Don Hunter | ||
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit www.experianplc.com