I have a question..there has been talk of QBE being a takeover ..I read this article recently and was wondering what peoples thoughts on the matter are..could QBE be bought by Google?
According to the report, internet giant Google Inc. is believed to be eyeing off an entry into the insurance market. Google has already established a foothold in the insurance comparator space in the UK where it offers a similar service to what iSelect Ltd(ASX: ISU) offers to Australian consumers.
While Google’s ‘Compare’ site is still in its infancy in term of both US and global roll-outs, there is one thing which is almost certain – when Google finally “arrives” it will have a dramatic effect on many leading comparator sites, as well as brokers, agents and businesses across a range of industries..........
Any thoughts???
QBE Price at posting:
$11.09 Sentiment: Buy Disclosure: Held
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