Scripps Networks Interactive Inc. (NYSE: SNI) said Wednesday it has completed the sale of uSwitch to Forward Internet Group for an undisclosed amount.
USwitch, a U.K.-based Web site that helps consumers compare energy utilities, was founded in 2000 after the deregulation of energy supplies in the U.K.
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Scripps Networks Interactive, the owner of HGTV and the Food Network, acquired uSwitch in 2006. The company said uSwitch CEO Alan Tattersall will resign to pursue other opportunities.
Forward Internet Group is privately held and based in the U.K.
Shares of Scripps Networks Interactive added 5 cents to $42.00 in afternoon trading.
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