June 20, 2017 / 8:41 PM / 2 months ago

BRIEF-Lendingtree acquires MagnifyMoney for about 39.5 mln

June 20 (Reuters) - LendingTree Inc-

* LendingTree acquires MagnifyMoney

* LendingTree Inc says acquisition purchase has a possible total consideration of $39.5 million

* LendingTree Inc - acquisition purchase has a possible total consideration of $39.5 million

* Total consideration consists of $29.5 million in cash at closing, and contingent consideration payments of up to $10 million

* LendingTree Inc says contingent consideration shall be payable in form of restricted stock unit awards

* Co's unit has acquired company that operates MagnifyMoney.com Source text for Eikon: Further company coverage:

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