Prudential paying $2.35 billion for online startup: WSJ

Prudential Financial Inc. has agreed to pay $2.35 billion for an online startup Assurance IQ, The Wall Street Journal reported, citing the company. The report said Prudential hopes the firm can help it sell life insurance to middle-class clients. Prudential said it would provide up to $1.15 billion in additional cash and equity if Assurance meets certain growth objectives, the report said.

source https://finance.yahoo.com/m/1cb13db0-1959-3da0-93cc-14055c7299e2/prudential-paying-%242.35.html?.tsrc=rss

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