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Cash America considers spinning off online lending business
April 10, 2014 / 11:26 AM / 3 years ago

Cash America considers spinning off online lending business

April 10 (Reuters) - Payday lender Cash America International Inc said its board was reviewing a tax-free spinoff of its online lending business and other strategic alternatives.

Any spinoff of the business, which consists of the company’s e-commerce unit Enova International Inc, will create a publicly-traded online lending company with about $766 million in revenue as of Dec. 31, Cash America said in a statement. [ID:nBw13dhD4 (Reporting by Neha Dimri in Bangalore; Editing by Kirti Pandey)

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