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| Newport-based GoCompare in £95m takeover deal | Newport-based GoCompare in £95m takeover deal |
| (about 2 hours later) | |
| Price comparison website GoCompare, which is based in Newport, is being taken over by insurance company Esure in a deal worth £95m. | |
| The company's founder and chief executive Hayley Parsons will stand down as part of the deal, which needs to be approved by regulators. | The company's founder and chief executive Hayley Parsons will stand down as part of the deal, which needs to be approved by regulators. |
| Ms Parsons started the business eight years ago. GoCompare will continue to be run from its current headquarters. | Ms Parsons started the business eight years ago. GoCompare will continue to be run from its current headquarters. |
| Esure already owns 50% of GoCompare after buying into the company in 2010. | |
| The sale values Ms Parson's remaining 23% stake at almost £22m. | |
| The deal gives GoCompare a total valuation of £190m. | The deal gives GoCompare a total valuation of £190m. |