Tree.com Receives Final Payment from Discover for Home Loan Center, Inc. Transaction PR Newswire CHARLOTTE, N.C., June 20, 2013 CHARLOTTE, N.C., June 20, 2013 /PRNewswire/ --Tree.com, 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. (Logo: http://photos.prnewswire.com/prnh/20110518/MM04466LOGO) "We're excited to fully complete this transaction which also signifies our full transition to a focused performance marketing company," saidDoug Lebda, chairman and CEO ofTree.com. "The additional cash received improves our already favorable cash position." AboutTree.com, Inc. Tree.com, Inc.(NASDAQ: TREE) is the parent of several brands and businessesthat provide information, tools, advice, products and services for critical transactions in consumers' lives. Our family of brands includes: LendingTree®, GetSmart®, DegreeTree®, LendingTreeAutos, DoneRight!®, ServiceTree^SM, 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. Tree.com, Inc.is headquartered inCharlotte, N.C.and maintains operations solely inthe United States. For more information, please visitwww.tree.com SOURCE Tree.com, Inc. Website: http://www.tree.com Contact: Megan Greuling, 704-943-8208, email@example.com
Tree.com Receives Final Payment from Discover for Home Loan Center, Inc. Transaction
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