Ronald Perelman’s MacAndrews & Forbes Inc. is weighing a sale of online coupon company RetailMeNot Inc. as the billionaire reworks his empire, according to people with knowledge of the situation.
RetailMeNot, which compiles online coupon and discount codes, is in talks with would-be bidders about a potential sale that could fetch $500 million to $600 million, said the people, who asked not to be identified discussing a private matter. RetailMeNot hired investment bank Evercore Inc. to serve as its financial adviser to manage the process, the people said.
