The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire Receives Final Payment from Discover for Home Loan Center, Inc. Transaction

Thursday, June 20, 2013 Receives Final Payment from Discover for Home Loan Center, Inc. Transaction

15:35 EDT Thursday, June 20, 2013

CHARLOTTE, N.C., June 20, 2013 /PRNewswire/ --, 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  "The additional cash received improves our already favorable cash position."

About,, 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!®, ServiceTreeSM, 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., Inc. is headquartered in Charlotte, N.C. and maintains operations solely in the United States. For more information, please visit


For further information: Megan Greuling, 704-943-8208,

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections