GUS snaps up profitable dot-com for $130m

A rare collectible, never on the market long...

By Joey Gardiner, 19 March 2002 16:36

NEWS UK retail giant GUS has bought US online credit reporting company ConsumerInfo.com for $130m. GUS (Great Universal Stores), which owns high street catalogue chain Argos, said the company made a small profit in 2001 on sales of $50m - making it that rarest of breeds, a profitable dot-com. The company will be incorporated into credit rating company Experian's North American arm. Experian is wholly owned by GUS.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ