mocoNews.net - Unhealthily Obsessed with Mobile Content

Current Story

Infospace Returns $300 Million To Shareholders; More To Follow

By Rafat Ali - Thu 15 Nov 2007 10:04 AM PST

How many times would you ever envision this scenario for Internet companies? Infospace, which is in the process of reorganizing itself an an online search-only business, said its board approved a special cash distribution of $9 a share, following the sale of its online directory business. The total money paid out will be $300 million...this follows the completion of the sale of its online directory business to Idearc for $225 million in cash. Also, coming later, after the closure of the sale of its mobile services business to Motricity for $135 million, the company will return a significant portion of those net proceeds to shareholders. More in release.

Posted in: Companies, InfoSpace



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

mocoNews.net is a news site covering the business of mobile content.

Rafat Ali
Publisher & Editor

Staci D. Kramer
Co-Editor

Tricia Duryee
Principal Correspondent

Matt Kapko
Senior Entertainment Reporter

Dianne See Morrison
Contributing Writer

James Quintana Pearce
Contributing Writer

Robert Andrews
U.K. Editor

FOBM Conference - Oct 28 | Edison Ballroom | NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters