Experian To Pay $207M For US Credit Monitoring Firm

Law360, New York (September 21, 2010, 1:58 PM EDT) -- British credit information giant Experian PLC has reached an agreement to acquire online consumer credit monitoring provider Mighty Net Inc. in a $207.5 million transaction Experian says will further consolidate its position in the U.S. consumer market.

Announcing the deal Tuesday, Experian — which operates the FreeCreditReport.com website and other U.S. credit monitoring websites — said it expects to use its own experience with U.S. consumers to increase revenue per Mighty Net customer.

Experian said it will apply its own marketing techniques to improve customer retention...
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