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LendingTree exercises option to acquire Indian analytics firm

LendingTree Inc. acquired certain assets of India-based analytics and web development company Dubond Infotech Services LLP for $499,000 on Dec. 31, 2018.

LendingTree made the acquisition through one of its subsidiaries by exercising a purchase option acquired in connection with its MagnifyMoney acquisition in June 2017.

LendingTree also awarded 19,234 restricted stock units to Niral Patel, a co-founder of Dubond.