Congratulations Martin on selling MSE!!

Well done to Martin and Mrs MSE on selling this website for £87 million to MoneySupermarket. Just listened to his interview with Jeremy Vine on BBC2. Good luck and a BIG well done :D.

Poundsinbucks x
🥳🥳 SW -6st 3.5lbs 🥳🥳
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Comments

  • vuvuzela
    vuvuzela Posts: 3,648 Forumite
    Where's the grabbit ?
    Already posted Martin selling MSE to mysupermarket for 87 million
  • helplessTD
    helplessTD Posts: 29 Forumite
    Panic! panic! Who is going to look after our money now?
  • Katie22313
    Katie22313 Posts: 94 Forumite
    surely this means this website will now be commercialised?
    Just Looking For Advice. :-)
  • poundsinbucks
    poundsinbucks Posts: 1,400
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    Katie22313 wrote: »
    surely this means this website will now be commercialised?

    No it doesn't thank goodness, and Martin will still be around for the next 4 months. But the site will be run like it always has, he was quite clear about that in the interview.

    Poundsinbucks x :D
    🥳🥳 SW -6st 3.5lbs 🥳🥳
  • BargainGalore
    BargainGalore Posts: 5,243
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    It always has been he has never said it isnt.

    He makes money using MS links as it is


    from BBC


    The two websites already have a very close business relationship.

    In the 12 months to the end of last October, MoneySavingExpert generated revenues of nearly £16m from 39 million users.

    Of this income, about 59% was earned from referral fees paid by MoneySupermarket.

    Katie22313 wrote: »
    surely this means this website will now be commercialised?
  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897
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    No it doesn't thank goodness, and Martin will still be around for the next 4 months. But the site will be run like it always has, he was quite clear about that in the interview.

    Poundsinbucks x :D


    And he has control of this does he?
  • kiorhassan
    kiorhassan Posts: 85 Forumite
    edited 1 June 2012 at 1:22PM
    This is a sad day.
    Since when MoneySupermarket stand for consumer interests? Now they will?
    Yes, alright.
    What MoneySupermarket paid for is the trafic that is going throught the MSE's website. Now they are going to try and direct it to their own websites and try and make money off it.
  • poundsinbucks
    poundsinbucks Posts: 1,400
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    POPPYOSCAR wrote: »
    And he has control of this does he?

    The deal was announced on the stock market this morning. Moneysupermarket will pay £60million upfront, which is a mix of cash and shares, with £27million more conditional on meeting targets. The deal also includes a 'golden handcuffs' arrangement that will see Mr Lewis continue in his role for at least three years.

    From the DM website, so it must be true :D.

    Poundsinbucks x
    🥳🥳 SW -6st 3.5lbs 🥳🥳
  • pig_let_cool
    pig_let_cool Posts: 1,127 Forumite
    Oh ye of little faith. This site is Martin Lewis' name sake, he isn't going to allow it to be made into anything he doesn't want it to be. We all trust him, that's why we use this site in the first place.

    Also, those with questions about it all, it is all spoken about in the "Latest MSE News" section
    :jThe Money Saving Wannabe :j
  • haynick
    haynick Posts: 521 Forumite
    No grabbit here
This discussion has been closed.
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