Newspaper article The Journal (Newcastle, England)

Website Deal

Newspaper article The Journal (Newcastle, England)

Website Deal

Article excerpt

The founders of price comparison website simplyswitch.com were set for a windfall yesterday after they agreed to sell the business to the owners of the Daily Mail for pounds 22m.

Karen Darby and Alistair Tillen will bank around pounds 4m each from the sale of Simply Switch to Daily Mail & General Trust ( with further payments due over the next three years depending on their ongoing performance as co-chief executives.

Mr Tillen said it represented "a really good deal" for the company which enables customers to compare prices of energy, credit cards and telephone providers.

Signet shares dip

SHARES in H Samuel owner Signet slumped yesterday as the market reacted to the decision of two private equity firms to opt against a joint bid for the jeweller.

Apax Partners and Kohlberg Kravis Roberts (KKR) announced at the weekend that they were no longer in the running for the group which also owns Ernest Jones.

Signet initially fell almost 9% but recovered some losses to stand 6% lower with a drop of 7p to 108. …

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