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Freelancer Limited gains regulatory nod for Escrow.com acquisition

Freelancer Limited gains regulatory nod for Escrow.com acquisition

Freelancer Limited (ASX Code:FLN) has received final regulatory approvals for the acquisition of Escrow.com from regulators in the United States.

The process for financial close with the seller has commenced is expected to occur shortly.

Escrow.com is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet.

The company posted FY14 gross payment volume of US$265 million, net revenue of US$5 million, EBITDA of US$1.2 million andover US$2.2 billion in transaction volume to date.

 

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