There is another deal coming in the mutual fund industry, but this time it is not a fund company. The Web address ETFs.com
is up for grabs. The Scottish design agency QSP Print is selling the site, according to a source familiar with the negotiations. That source said that two U.S. and one British company are currently on top of the bidding queue.
The source says that of the two potential buyers in the US, one is based in the West Coast. Logic would make one think it is Barclays Global Investors, but the source declined to give specific names as to who the buyers might be.
The third bidder is an unnamed British company, which is interesting as the Web site provides detailed information for American investors on the U.S.-invented product.
The deal may be just around the corner. Craig Campbell, director of QSP, declined to reveal the identity of the buyers or comment on the sale but told MFWire
that "the site and generic URL are expected to change hands by summer."
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