CHARLOTTE, N.C., June 20, 2013 /PRNewswire/ -- Tree.com, Inc. (NASDAQ: TREE) announced today that a subsidiary of Discover Financial Services (NYSE: DFS) has paid the final $10 million of the purchase price from the sale of substantially all of the operating assets of the Home Loan Center, Inc. business. The total purchase price was $55.9 million. The transaction closed on June 6, 2012.
"We're excited to fully complete this transaction which also signifies our full transition to a focused performance marketing company," said Doug Lebda, chairman and CEO of Tree.com. "The additional cash received improves our already favorable cash position."
About Tree.com, Inc. Tree.com, Inc. (NASDAQ: TREE) is the parent of several brands and businesses that provide information, tools, advice, products and services for critical transactions in consumers' lives. Our family of brands includes: LendingTree®, GetSmart®, DegreeTree®, LendingTreeAutos, DoneRight!®, ServiceTree SM, InsuranceTree® and HealthTree. Together, these brands serve as an ally for consumers who are looking to comparison shop for loans, education, auto, home services and other services from multiple businesses and professionals who will compete for their business.Tree.com, Inc. is headquartered in Charlotte, N.C. and maintains operations solely in the United States. For more information, please visit www.tree.com SOURCE Tree.com, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV