CheckFree Sells Business Unit
No price is disclosed.
Financial ecommerce services provider
CheckFree
(CKFR)
completed the sale of its Durham, N.C.-based M-Solutions unit to Informa Investment Solutions, a subsidiary of Informa Financial Information.
The financial details were not disclosed.
CheckFree said the sale may cut its third-quarter revenue by about $1.5 million but should also result in a one-time gain.
The company now expects third-quarter revenue of $216 million to $221 million.
CheckFree's shares were trading at $51.53, up 3.93%, or $1.95.
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