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Red Ventures to buy Bankrate for $1.24 billion

Digital marketing platform, Red Ventures, is acquiring online content publisher, Bankrate, for $1.24 billion, Reuters reported. The deal is expected to close in the latter half of 2017. J.P. Morgan advised Bankrate on the transaction; Bank of America, Barclays, Citigroup, Credit Suisse, Fifth Third Bancorp, Mitsubishi UFJ and PNC Financial were financial advisers to Red Ventures. Simpson Thacher & Bartlett LLP was Red Ventures' legal adviser.

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M&A,mergers and acquisitions,M&A deals