MoneySavingExpert.com Was for Sale for at least 12 months.

DelBoyPhil · 3 June 2012 at 11:09PM

http://www.thelawyer.com/herbert-smith-and-olswang-advise-on-moneysavingexpert-sale/1012831.article

A team from Olswang lead by M&A partner Mark Bertram has acted on the £87m buyout of personal finance journalist Martin Lewis’s MoneySavingExpert.com.

Price comparison website MoneySupermarket, which was advised by Herbert Smith corporate partner Chris Haynes, will pay Lewis £60m upfront in a mixture of cash and shares and a further £27m conditional on meeting targets over the next three years.
Bertram and his colleagues - IP partner Stephen Reese, corporate associate Hannah Farrington, partner Louis Glass, associate Gordon Ker and junior Jack Gilbert - put the best part of 12 months work into the deal.

pink_princess · 4 June 2012 at 9:54AM

That's no surprise, it would take a while to sort out a deal of this size.

WarriorPrincess · 4 June 2012 at 11:33AM

He could have floated it, surely - offering the opportunity for forum members & newsletter recipients to 'own' a little bit of the site. Would have been more in the spirit of the MSE community.

staffie1 · 4 June 2012 at 11:35AM

Another thread about this? Are we ever going to get over it I ask myself...

dianauni · 7 June 2012 at 6:46PM

Just want to say that I am glad Martin is staying on as Editor in Chief hopefully to maintain the integrity of the site. As I live abroad many of the offers, vouchers etc are obviously not applicable but I have learned a lot about saving and finance and it has helped me save in many ways so, for that, I say thank you Martin and well done and Good Luck for the future.