LendingTree to enter insurance space
Insurance Journal | October 08, 2018
LendingTree is dipping its toes into the insurance space. The mortgage-comparison site has agreed to acquire QuoteWizard, one of the largest online insurance comparison websites. LendingTree will pay up to $370.2 million for QuoteWizard, $300 million in cash at closing and contingent payments of up to $70.2 million, subject to hitting certain targets over a three-year period, according to a report by Insurance Journal.